#228342208_economics - 1 Globalization impact on Income...

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1 Globalization impact on Income inequality: Case of India and Brazil Name Professor Course Institution Date
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2 India and Brazil are a better project that can be used as evidence of income equality arising from globalization impacts. The question about how globalization has affected income within these countries has been discussed by various authors at greater depth. The evidence existing shows that increased openness to trade have triggered increase in levels of income inequality within these regions. Both India and Brazil are among the BRIC countries, which mean that they are good indicators for the influence of globalization. BRIC countries are emerging markets with greater potential for trade inflows and increased FDI. However, the situation is different between the two because India registers a lower income inequality. With Brazil , the GINI coefficient is a good indicator for what can be termed as income inequality. The country recorded a GINI coefficient of 55%, which when compared with other EURO countries, recording 32.3% is far to high (World Bank, 2015).
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