Question
Read Why the Global 1% and the Asian Middle Class Have Gained the Most from Globalization. While the article is from 2016 and discusses data
Read Why the Global 1% and the Asian Middle Class Have Gained the Most from Globalization. While the article is from 2016 and discusses data that is a few years older than that, the conclusions still hold (or perhaps are even more true) today. In an initial discussion post , discuss these questions: What was your immediate reaction to reading this article? As a member of the 'global 80th to 90th percentile' how would you (or do you) real about the relative gains from globalization? (Remember those in the 80-90th percentile have gained from globalization, but they have gained less in relative terms compared to those poorer and richer). Should we as individuals and as a society care about relative income inequality (and not just absolute income inequality)? To what extent do you think changes in relative inequality have fueled rising nationalist sentiment (and thus anti-trade and anti-globalist sentiment and policies) in the United States and Western Europe? How do we address this?
ALSO CONCLUSION ALONG WITH THE ANSWER....
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