Social Costs of Globalization in Emergent Economies

Abstract

This research focuses on identifying and analyzing the main factors that generate social costs in the context of globalization. In emerging economies, the social and economic factors underlying a significant and the growing income inequality tend to be different from work factors in many OECD countries. The importance of the informal economy, combined with the persistence of significant geographic disparities in economic performance, is a significant factor in the inequality of revenues in all emerging economies. In turn, the informal economy and geographic disparities are closely linked to other aspects of inequality such as gender, ethnic differences, disparities in educational achievement, and working conditions. This paper develops these factors and synthesizes their effect in order to serve as a starting point for a further econometric research to measure the impact in emerging economies.