Globalization and Social Inequality in Asia
Plutarch’s insight on social inequality is valid today as scholars point to the puzzle of historical endurance of the problem of poverty as well as the risks associated with it for social stability. The quote Marx uses in his address to the National Labor Union of the United States after the Civil War has an eerie contemporary ring to it, and can be read as a description of the present United States as well as the rest of the world. Marx highlights the dynamic aspect of poverty. Although the immiserization thesis has been much criticized, treating the world as a single society, the rising trends in income inequality force one to reevaluate Marx’s thesis. Is pauperism increasing faster than population in the contemporary world?
KeywordsIncome Inequality Saudi Arabia Poverty Line Social Inequality Poverty Rate
Unable to display preview. Download preview PDF.
- Chotikapanich, Duangkamon and RaoPrasada D.S. (1998): ‘Inequality in Asia 1975–1990: A Decomposition Analysis’. Asia Pacific Journal of Economics and Business, 2 (1): 63–78.Google Scholar
- Collier, Paul (2007): The Bottom Billion. Oxford: Oxford University Press.Google Scholar
- Ghosh, Jayati (2010): ‘Poverty Reduction in China and India: Policy Implications of Recent Trends’. DESA Working Paper No. 92, UN Economic and Social Affairs.Google Scholar
- Jomo, Kwama S. (no date): ‘Unequal Development and Globalization’. Available at: (www.jomoks.org, accessed on March 16, 2011).Google Scholar
- Kuznets, Simon (1955): ‘Economic Growth and Income Inequality’. American Economic Review, 45: 1–28.Google Scholar
- Marx, Karl (1973): ‘Address to the National Labor Union of the United States’. Marx and Engels, Selected Works, Vol. 2 Moscow: Progress Publishers: 156–7.Google Scholar
- Milanovic, Branko (2005): Worlds Apart: Global and International Inequality, 1950–2000. Princeton, NJ: Princeton University Press.Google Scholar
- Milanovic, Branko (2010): The Haves and the Have-nots. New York: Basic Books.Google Scholar
- Myrdal, Gunnar (1968): Asian Drama: An Inquiry into the Poverty of Nations. New York: Pantheon.Google Scholar
- Ravallion, Martin (2007): ‘Inequality is Bad for the Poor’. Inequality and Poverty Re-Examined (ed. by Stephen Jenkins and John Micklewright). Oxford: Oxford University Press: 37–61.Google Scholar
- Ravi, C. (2009): ‘Impact of Globalization and Recession on Social and Economic Inequalities in India’, paper for Conference on The Impact of the Global Economic Situation on Poverty and Sustainable Development in Asia and the Pacific. Hanoi, 28–30 September.Google Scholar
- Robison, Richard and David S.G. Goodman (1996): The New Rich in Asia. London and New York: Routledge.Google Scholar
- Rohwer, Jim (1995): Asia Rising. Singapore: B H Asia.Google Scholar
- Sala-i-Martin, Xavier (2002): ‘The Disturbing “Rise” of World Income Inequality’. NBER Working Paper No. 8905, May National Bureau of Economic Research, Cambridge, MA.Google Scholar
- Sen, Amartya (1999): Development as Freedom. New York: Alfred Knopf.Google Scholar
- Sen, Amartya (1992): Inequality Reexamined. Cambridge: Harvard University Press.Google Scholar
- Sengupta, Arjun and Kannan Kappadath P. et al. (2008): ‘India’s Common People: Who Are They, How Many Are They and How Do They Live?’ Economic & Political Weekly, March 15, 2008.Google Scholar
- Therborn, Göran (2006): Inequalities of the World. London: Verso.Google Scholar
- Thornhill, John (2008): ‘Income Inequality Seen as the Great Divide’. Financial Times, May 19, 2008.Google Scholar
- The World Bank, (2011) Migration and Remittance Factbook 2011 (Second edition) (http://siteresources.worldbank.org/INTLAC/Resources/Factbook2011Ebook.pdf) .