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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Discussion

This analysis reveals significant links between globalization, economic growth, social dynamics, and income inequality.

Income inequalities were significantly reduced by economic growth and government expenditures, highlighting key economic indicators.
Both economic and social globalization negatively impacted income inequalities, with urbanization leading to increased disparities.
Different econometric approaches revealed bidirectional causality between income inequality and other examined variables.
Inclusive growth strategies, aimed at marginalized individuals, are essential for addressing and reducing income inequalities.

Zhang et al. (2025) studied this question.

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