Ready for news that will shock nobody? It turns out globalization mostly helps out the richest 10% and has little to no impact on the poorest.

"The influence of globalization on income inequalities worldwide was greater than we had expected. We were particularly surprised that these differences were mainly due to the gains of the richest and that the lower income groups benefited little or not at all."

phys.org/news/2024-05-main-ben…

#economics #inequality #globalization

The top 10% are the main beneficiaries of globalization, says study

The income of many people around the world has considerably increased due to the economic globalization of the last 50 years. However, these income gains are unevenly distributed. A study by Dr.

^{Linda Schädler (Phys.org)}