The Impacts of Globalization on Inequality in the Post-COVID-19 World: Evidence From China

Tsun Se Cheong; Yanrui Wu; Michal Wojewodzki; Ning Ma

doi:10.3389/fpubh.2021.790312

Frontiers in Public Health (Nov 2021)

The Impacts of Globalization on Inequality in the Post-COVID-19 World: Evidence From China

Tsun Se Cheong,
Yanrui Wu,
Michal Wojewodzki,
Ning Ma

Affiliations

Tsun Se Cheong: Department of Economics and Finance, The Hang Seng University of Hong Kong, Hong Kong SAR, China
Yanrui Wu: Department of Economics, The University of Western Australia, Perth, WA, Australia
Michal Wojewodzki: Department of Economics and Finance, The Hang Seng University of Hong Kong, Hong Kong SAR, China
Ning Ma: School of Financial Management, Hainan College of Economics and Business, Hainan, China

DOI: https://doi.org/10.3389/fpubh.2021.790312
Journal volume & issue: Vol. 9

Abstract

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Empirical studies suggest that globalization (FDI and international trade) has been greatly affected by the COVID-19 and related anti-pandemic measures imposed by governments worldwide. This paper investigates the impact of globalization on intra-provincial income inequality in China and the data is based on the county level. The findings reveal that FDI is negatively associated with intra-provincial inequality, intra-provincial inequality increases as the primary industry sector (agriculture) declines. The result also finds that the increase in inequality stems not from the development in the tertiary or secondary industry sectors per se, but the unevenness in the distribution of these sectors.

Published in Frontiers in Public Health

ISSN: 2296-2565 (Online)
Publisher: Frontiers Media S.A.
Country of publisher: Switzerland
LCC subjects: Medicine: Public aspects of medicine
Website: https://www.frontiersin.org/journals/public-health

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