Tan, Sook Rei, and Chia, Wai Mun (2022) The linkage between international financial integration and income inequality. In: Wood, Jacob, Chaiechi, Taha, and K., Thirumaran, (eds.) Business, Industry, and Trade in the Tropics. Routledge, Abingdon, Oxon, UK, pp. 114-136.

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Abstract

Following the trend of financial globalization since the 1980s, more and more tropical economies have embraced financial openness as one of the drivers of economic growth, allowing foreign investments to pour into their countries. While FDI capital flows are often associated with higher economic growth, fickle non-FDI flows are blamed for exposing developing economies to the risk of ‘Sudden Stop’ and economic instability. Financial openness associated with different types of foreign investment is likely to make differential impacts across different income groups within an economy, which has implications for a nation’s income inequality. Since most of the tropical economies are in a relatively early phase of financial openness compared to their developed counterparts, it would be meaningful to investigate the relationship between financial openness and income inequality, allowing for possible nonlinear linkage dependent on stages of financial openness.

Item ID:	74200
Item Type:	Book Chapter (Research - B1)
ISBN:	9781003153580
Copyright Information:	© 2022 selection and editorial matter, Jacob Wood, Taha Chaiechi and K Thirumaran; individual chapters, the contributors. AAM may be made open access in an Institutional Repository after an 18 month embargo. It is deposited here under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives License (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited, and is not altered, transformed, or built upon in any way.
Date Deposited:	02 Nov 2022 01:23
FoR Codes:	38 ECONOMICS > 3801 Applied economics > 380199 Applied economics not elsewhere classified @ 100%
SEO Codes:	15 ECONOMIC FRAMEWORK > 1502 Macroeconomics > 150206 Income distribution @ 100%
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