#IMF Working Paper wp1854 'Distribution of Gains from #Globalization'. Notice first that *de jure* measures of Economic Liberalization [relative lack of] tariffs, trade taxes, capital movement restrictions, import barriers etc 4 #HighIncome countries peaked ~2005; declining since pic.twitter.com/sn8WRAPc8A— Satyen Baindur (@Satyen_Baindur) March 14, 2018
Second, the marginal effect of globalization on economic growth declines with the level of globalization already achieved by the country - at a globalization score of about 80 the marginal effect of globalization on growth ceases to be positive within statistical error. The average #HighIncome country is already at a globalization score of ~77! And many advanced economies have a globalization scores even higher. For countries with such high globalization scores, no further positive effect on growth can be expected, in this formulation, pic.twitter.com/5GYq5oAvTm— Satyen Baindur (@Satyen_Baindur) March 14, 2018
Third, globalization improves within-country economic inequality, but only upto a globalization score of ~60. The average #MiddleIncome country has already achieved a score ~58, beyond which, further globalization would appear 2 worsen in-country inequality. via @LounganiPrakash pic.twitter.com/wHT66CvuOL— Satyen Baindur (@Satyen_Baindur) March 14, 2018
