2016

Do the Poor Benefit from Globalization Regardless of Institutional Quality?

Reprint No. 2016:23

Author(s): Andreas Bergh, Irina Mirkina and Therese NilssonYear: 2016 Title: Applied Economics Letters Volume (No.): 23 (10) Pages: 708–712
Online article (restrictions may apply)


Despite significant progress towards the Millennium goals, more than one billion people live on less than 1.25 US dollars per day. Previous research suggests that globalization stimulates poverty reduction, but does not investigate what role institutions play in this relationship. Theoretically, globalization could act as either a complement or a substitute to institutional quality in reducing poverty. We find that the poverty-reducing effect of globalization is stronger when institutions are weak. In particular, increasing social globalization reduces poverty more when corruption is high and democratic accountability is low. Thus, globalization has the power to reduce poverty even in countries with low institutional quality.


Reference:
Bergh, Andreas, Irina Mirkina and Therese Nilsson (2016), "Do the Poor Benefit from Globalization Regardless of Institutional Quality?". Applied Economics Letters 23(10), 708–712.

Andreas Bergh

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andreas.bergh@ifn.se

Therese Nilsson

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Mob: +46 73 396 7919
therese.nilsson@nek.l...

Interdisciplinary European Studies

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This book explores how the European Union responds to the ongoing challenges to the liberal international order. These challenges arise both within the EU itself and beyond its borders, and put into question the values of free trade and liberal democracy. 

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