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September 19, 2025SAGE OpenOpen Access

Global Trends and Local Divides: Investigating the Impact of Economic and Social Dynamics on Income Disparities in the Era of Globalization

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Authors

GZGuoqiang ZhangJXJue XieSHShamsheer ul Haq

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Overview

This study examines how economic growth and government expenditures affect income inequality, highlighting social globalization's role.

Key Points

  • Income inequality is significantly affected by economic growth and government expenditures, promoting lower disparities.
  • Economic and social globalization both have a negative impact on income inequalities, while urbanization increases those inequalities.
  • The analysis utilized econometric approaches like fixed effect and random effect models to ensure robust estimations.
  • Findings suggest that inclusive growth strategies are essential for reducing income inequality in interconnected economies.

Cite This Study

Zhang et al. (2025) studied this question.

synapsesocial.com/papers/68d46fbd31b076d99fa697a8https://doi.org/10.1177/21582440251363691
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