Globalization, Growth, Inequality, and Social Safety Nets in APEC Economies
Lee, Kye Woo; Park, Changyong | June 2002
Abstract
This paper examines the forward linkage between trade liberalization and economic growth, economic growth and income inequality, and income inequality and economic growth, and inequality and social safety nets. It then suggests the directions for strengthening the social safety net in APEC member economies. The paper reviews major studies in recent years and concludes that in many countries trade openness is associated with more rapid growth, and economic growth with increased inequality. In addition, it shows that inequality is harmful for growth, and social safety nets are necessary for dealing with negative effects of growth engendered by trade and investment
openness.
Citation
Lee, Kye Woo; Park, Changyong. 2002. Globalization, Growth, Inequality, and Social Safety Nets in APEC Economies. © Asian Development Bank. http://hdl.handle.net/11540/5409.Keywords
Economic Development
Economic Infrastructure
Economic Policies
Regional Economic Development
Microfinance Programs
Public Finance
Local Financing
Financial Stability
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