Globalization and inequality

Abstract

This review essay discusses works of a leading sociologist and a leading economist on the subject of inequality and globalization. The books raise fresh ideas of inequality in the context of globalization by raising questions on the relationship between globalization and inequality throughout history. Although Therborn raises some fundamental questions about inequality, problematizes the concept, and broadens the discussion by adding multiple dimensions to it, Bourguignon’s study deepens our understanding of the problem of inequality by presenting the paradox of its linkage with globalization, which in the last century reduced international inequality while it widened intranational inequality, and the two processes are interrelated. Bourguignon suggests that the growing intranational inequality that threatens economic, political, and social stability can be overcome by concerted efforts of the states. Therborn pins his hope in the rising middle class across the world and their solidarity, which could create a more egalitarian society.