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Title: RISING INEQUALITY AS A THREAT TO THE LIBERAL INTERNATIONAL ORDER
Description: One page summary of RISING INEQUALITY AS A THREAT TO THE LIBERAL INTERNATIONAL ORDER (Thomas M. Flaherty and Ronald Rogowski)
Description: One page summary of RISING INEQUALITY AS A THREAT TO THE LIBERAL INTERNATIONAL ORDER (Thomas M. Flaherty and Ronald Rogowski)
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RISING INEQUALITY AS A THREAT TO THE
LIBERAL INTERNATIONAL ORDER
Thomas M
...
Based on the assumption of unit heterogeneity as a characteristic of the actors involved – which
were previously thought to be homogeneous –, three theories are applied to analyse top-heavy
inequalities within countries
...
According to this model, capital owners are no longer abler
to afford investing in mediocre workers
...
The difficultly
affordable costs of these then result in huge benefits for the firm and the out-competing of
smaller domestic ones
...
This, on the other side, allows for greater advantages
related to transportation, supplying, communication and information-sharing, tariff policies,
diversity of consumers,…
These three models present many similarities with each other and the same outcome – “globalization
produces extreme inequality” –, so it is more likely that they reinforce one another
...
The final point touched by the article is the availability (or absence) of possible solutions or alternative
sources to minimize the effects of the phenomenon, especially the right-populist backlashes
...
Moreover, investments in
education seem to fail to address the focal problem and global forms of redistribution are still
considered as “utopic” ambitions
...
Title: RISING INEQUALITY AS A THREAT TO THE LIBERAL INTERNATIONAL ORDER
Description: One page summary of RISING INEQUALITY AS A THREAT TO THE LIBERAL INTERNATIONAL ORDER (Thomas M. Flaherty and Ronald Rogowski)
Description: One page summary of RISING INEQUALITY AS A THREAT TO THE LIBERAL INTERNATIONAL ORDER (Thomas M. Flaherty and Ronald Rogowski)