International Trade, Prosperity and Inequality in Globalization

Comercio internacional, prosperidad y desigualdad en la globalización

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Leonardo Raffo-López
Edwin Arbey Hernández-García

Abstract

This paper purpose is to make a description and a critical discussion about some key trends in the world trade of goods and services, and economic inequality during the last decades in the globalization context. With this aim, we explain some key processes underlying this evolving capitalist phase. From there, we point out the main virtuous processes but also economic problems characterizing the evolution of the world economy during the last decades. The result of this dynamic has been the perpetuation of various types of inequalities, and the permanence of a large set of social groups mired in poverty and tied to territories generally exploited by the grasps of transnational capital, whose own discourses and worldviews end up being invisible by issuers who proclaim themselves as universal.

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Author Biographies (SEE)

Leonardo Raffo-López, Professor at the Department of Economics of the Universidad del Valle

Economist and Master in Applied Economics from the Universidad del Valle. Full-time Professor in the Department of Economics of the Universidad del Valle.

Edwin Arbey Hernández-García, Associate professor in the Department of Economics of the University of San Buenaventura

Master in Applied Economics from the Universidad del Valle. Associate professor in the Department of Economics of the University of San Buenaventura

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