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6 Pages • Essays / Projects • Year: Pre-2018
Topic: Does trade increase inequality? Consider inequality both between and within countries. For centuries, the topic about trade is always a crucial topic of political economy. Trade is defined as a process of the exchange of commodities, and is widely considered as an important step for countries to facilitate its economic growth. (SpringerLink, 2007, pp. 35-37) Whilst under the context of globalization, the side effect of trade—especially the concept of free trade has caused the concern about increasing phenomena of inequality around the world and within the different areas of a country. In this essay, the discussion about the inequality that trade caused to global society, as well as the inequality within countries.
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