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A relationship between current globalisation, unemployment, inequality and poverty

  • Cape Peninsula University of Technology

Research output: Contribution to journalArticlepeer-review

39 Citations (Scopus)

Abstract

Purpose - This paper contends that there is a positive relationship between current globalisation, unemployment, inequality and poverty, which paves a vista for further academic discourse. Design/methodology/approach - As a meta-analytical study, the paper relied on secondary data. It is a qualitative study, which is based on conceptual analysis, theory building and "emic" perspective (authors' viewpoint). Findings - A relationship between current globalisation, unemployment, inequality and poverty should be investigated further. Unemployment increases levels of inequality and poverty within society. Although bequeathed with various names and definitions, the logics of current globalisation seem to have exacerbated the problem of global unemployment, the corollary of which is endemic inequality and poverty. Practical implications - Increases in income inequality and poverty over the past decades, can be attributed to globalisation. Therefore, within the domain of unemployment, inequality and poverty in the era of globalisation, renewed problems of global competition, job termination, wage reductions, labour immobility and technological displacement of workers, have accelerated the rate of global unemployment, the corollary of which is endemic inequality and poverty. Originality/value - The originality of this paper is that it examines the phenomenon of globalisation, unemployment, inequality and poverty, from a different perspective, which creates an opportunity for further constructive debate.

Original languageEnglish
Pages (from-to)37-46
Number of pages10
JournalInternational Journal of Social Economics
Volume36
Issue number1-2
DOIs
Publication statusPublished - 2009
Externally publishedYes

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

  1. SDG 1 - No Poverty
    SDG 1 No Poverty
  2. SDG 10 - Reduced Inequalities
    SDG 10 Reduced Inequalities

Keywords

  • Competitive strategy
  • Globalization
  • Poverty
  • Unemployment

ASJC Scopus subject areas

  • General Social Sciences
  • Economics and Econometrics

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