The recent past has also seen rapid economic globalization-characterized by the supranational spatial integration of economies and societies (Stiglitz, 2002).
Researchers and policy makers continue to debate how, and at what scale, inequality trends are changing, but, by any measure, the disparities between rich and poor are striking (Firebaugh, 2003 Milanovic, 2005 The Economist, 2006 Held and Kaya, 2007 Lobao et al., 2007).
“he world’s richest 500 individuals have a combined income greater than that of the poorest 416 million … 2.5 billion people living on less than $2 a day” (Watkins et al., 2005: 18). We live in an unequal world in which descriptors of global inequality-especially inequalities in income-abound. How Is Economic Globalization Affecting Inequality?
