Effect of Globalization on Income Inequality in ASEAN Countries

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Attasuda Lerskullawat
Thitima Puttitanun

Abstract

This research aims to analyze the effect of globalization on income inequality in 9 ASEAN countries: Thailand, Malaysia, Indonesia, Philippines, Singapore, Vietnam, Laos, Cambodia, and Myanmar between the years 2007 to 2019. This research also considers different types of globalization, namely, economic globalization, social globalization, and political globalization. The panel data Fixed Effect estimation used in the study finds that the overall, economic, trade, social, and information globalization reduce the income inequality within ASEAN countries. However, economic globalization and financial globalization can increase income inequality in low-income countries.

Article Details

How to Cite
Lerskullawat, A., & Puttitanun, T. (2023). Effect of Globalization on Income Inequality in ASEAN Countries. University of the Thai Chamber of Commerce Journal Humanities and Social Sciences, 43(1), 51–83. Retrieved from https://so06.tci-thaijo.org/index.php/utccjournalhs/article/view/258212
Section
Research Articles

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