## Globalization, Skills & Inequality

_IMF Blog, March 17, 2016_

## Source details

**Canonical URL:** [Globalization, Skills & Inequality](https://www.imf.org/en/blogs/articles/2016/03/17/globalization-skills-inequality)

## Other formats

- [Markdown version](/en/blogs/articles/2016/03/17/globalization-skills-inequality/index.md)
- [Structured JSON version](/en/blogs/articles/2016/03/17/globalization-skills-inequality/index.json)
- [Bundle manifest](/en/blogs/articles/2016/03/17/globalization-skills-inequality/bundle-manifest.json)

## Bibliographic details
- Authors: iMFdirect
- Published: March 17, 2016

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### Main findings
- Over the last 25 years, inequality did not decrease with globalization as widely expected.
- Nobel Laureate and Harvard Professor Eric Maskin notes a high correlation between high inequality and social and political unrest, with consequences for a country's political and economic stability.
- Income disparities between skilled and unskilled workers has only increased in recent years.

### Causes and mechanisms
- Globalization was widely expected to reduce inequality, but that expectation has not been realized in the last 25 years.
- A key driver identified is widening income disparities between skilled and unskilled workers.

### Policy recommendations
- Improving the skill set of those left behind by globalization through education and training could make a significant difference to close the gap.

### Interview details
- Format: Podcast interview with Professor Eric Maskin.
- Published on: March 17, 2016.
- Hosted on: iMFdirect.
- Listen to the interview here:
  [soundcloud url="https://api.soundcloud.com/tracks/252173128" params="auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&visual=true" width="100%" height="450" iframe="true" /]

*IMF iMFdirect, March 17, 2016*

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## References

- [podcast interview](http://www.imf.org/external/pubs/ft/survey/so/SinglePodcastHighlight.aspx?podcastid=388)

_Source: https://www.imf.org/en/blogs/articles/2016/03/17/globalization-skills-inequality_