International Trade, Prosperity and Inequality in Globalization

Authors

DOI:

https://doi.org/10.19053/01203053.v40.n71.2021.11736

Keywords:

international trade, globalization, capitalism, inequality, economic cr

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

Leonardo Raffo-López, 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, Universidad de 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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Published

2021-03-30

How to Cite

Raffo-López, L., & Hernández-García, E. A. (2021). International Trade, Prosperity and Inequality in Globalization. Apuntes Del Cenes, 40(71), 133–164. https://doi.org/10.19053/01203053.v40.n71.2021.11736

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Economic policy

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