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The Impacts of Economic Globalization on Poverty and Income Inequality: Evidence from CEECs
Hu, Yi ; Jeřábek, Petr (advisor) ; Amini, Chiara (referee) ; Semerák, Vilém (referee)
This paper aims to explore the relationship between economic globalization and poverty and income inequality in Central and Eastern Europe Countries (CEECs). Despite the considerable research on the effects of globalization on poverty and income inequality, there is a lack of consistent conclusions and a specific emphasis on CEECs. To address these research gaps, we employ two-way fixed-effects regression model, country fixed- effects regression model, and random effects-regression model to examine the impacts of the KOF economic globalization index as well as its sub-indices on World Bank absolute poverty estimates and World Bank Gini index estimates using panel data of nine high-income CEECs from 2004 to 2020. Overall, the study suggest that economic globalization reduces both poverty and income inequality in CEECs, which contradicts the expectation that globalization may exacerbate income inequality. By disaggregating the impacts of economic globalization, the results show that trade and financial globalization can significantly reduce poverty yet only financial globalization can substantially decrease income inequality. Additionally, positive effects of restrictions are more robust than those of actual flows. These findings support policies that promote economic openness in CEECs to mitigate...
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Globalization, Rule of Law and Wealth Inequality
Svěchotová, Anežka ; Horváth, Roman (advisor) ; Schwarz, Jiří (referee)
We examine the determinants of wealth inequality using new dataset consisting of a rich set of explanatory variables including rule of law, as well as different measures of globalization. We use the Bayesian Model Averaging (BMA) approach to account for model uncertainty. The BMA methodology allows to thoroughly compare a large number of potential determinants. Due to large differences in wealth inequality across different countries, the variables included reflect countries' various aspects, namely economic, geographical, regulatory, institutional, finance, globalization, political and demographic factors. Examining 39 potential determinants, we find five robustly related variables. Among them there are three financial development indicators, GDP growth and one geographical dummy for countries in Latin America and the Caribbean. On the other hand, some of the measures of globalization are correlated with wealth inequality; however, they are not its determinants. JEL Classification C33, E21, G51 Keywords wealth inequality, globalization, Bayesian Model Averaging (BMA) Title Globalization, Rule of Law and Wealth Inequality
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Globalizace a její dopad na život člověka v rozvojových a vyspělých společenstvích (zemích)
KARBOVÁ, Martina
The diploma thesis deals with impacts of globalization on human living in developing and developed communities (countries). The introduction is devoted to the general definition and explanation of the concept of globalization, its history, positive and negative aspects of globalization as well as global problems and risks, but also global ethics and its perspectives. Furthermore, this work is focused on three areas, namely economic, social and ecological. The economic part is devoted to ethical topics in the field of production, global business ethics, the topic of Fair Trade, the global problem of poverty and also developing countries. The third chapter deals with international social work, humanitarian and development aid and non-profit organizations. The last, fourth chapter deals with ecological globalization and the impact of ecological problems on humans. The aim of this work was to point out the processes of globalization, especially economic, social and ecological, which have an impact on the standard of living in developing and developed communities (countries). The means to achieve the goal was studied literature.
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Pivovarnictví v ČR po roce 1989 - globalizace versus ekonomická lokalizace
VÉBROVÁ, Lucie
The bachelor's thesis discusses the economic globalization and the economic localization and their influence on the development of the brewing industry in the Czech republic after 1989. These two above mentioned processes are described in this paper, where the emphasis is placed on basic manifestations of economic globalization and economic localization in the Czech brewing industry. Economic globalization has an impact on industrial breweries in the Czech republic most of which are owned by transnational corporations. Economic localization represents relatively new trend in the industry manifested by the establishment of microbreweries. Further of the analysis of the breweries in the Czech republic was done from available data and information where factors of the economic globalization and the economic localization are highlighted. Data of industrial breweries and microbreweries in sectional years 1989, 2000 and 2015 were used for the analysis.
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