The impact of globalisation: Winners and losers in the EU and the USA
In-Depth Analysis
04-07-2016
Does globalisation level up living standards or increase inequality? Economists have long been debating the role free trade plays in creating winners and losers. By opening up markets, globalisation reduces the number of monopolies, while consumers benefit from the resulting increase in competition. But globalisation also leads to losses, or at least smaller net gains, for some and it can also increase economic inequality. Once a purely economic and social issue, the question of who wins and who loses in globalisation has become a topic for heated political debate in Europe and the USA.
In-Depth Analysis
About this document
Publication type
Author
Policy area
Keyword
- accounting
- America
- BUSINESS AND COMPETITION
- cost-benefit analysis
- economic analysis
- economic geography
- economic policy
- economic structure
- ECONOMICS
- employment
- EMPLOYMENT AND WORKING CONDITIONS
- European construction
- European Globalisation Adjustment Fund
- European Union
- EUROPEAN UNION
- FINANCE
- financial market
- financial stability
- free movement of capital
- GEOGRAPHY
- globalisation
- market economy
- national accounts
- political geography
- redistribution of income
- social framework
- social inequality
- SOCIAL QUESTIONS
- statistics
- United States