G2TT
来源类型CEPS Policy Briefs
规范类型简报
Don't blame globalisation for the squeezing of the middle class
Angel Ubide
发表日期2007-02-02
出版年2007
语种英语
摘要

Globalisation is being blamed for the squeezing of the middle class and protectionism is being offered as a solution. This paper by Angel Ubide, Director of Global Economics at the Tudor Investment Corporation and an Associate CEPS Fellow, argues that the increase in inequality is a long-term trend resulting from a variety of factors, including the decline in manufacturing, the reduction in the progressivity of taxation and the steady increase in asset prices, and that globalisation has only had a marginal impact. Protectionism will not revert any of these trends. We discuss some policy options aimed at cushioning this increase in inequality and argue that they will likely result in expanding fiscal deficits and pressure on central banks to test the limits of growth.

主题Economy and Finance
URLhttps://www.ceps.eu/publications/dont-blame-globalisation-squeezing-middle-class
来源智库Centre for European Policy Studies (Belgium)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/62203
推荐引用方式
GB/T 7714
Angel Ubide. Don't blame globalisation for the squeezing of the middle class. 2007.
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