INTERNATIONAL FINANCIAL FLOWS AND INCOME INEQUALITY

Abstract

Since openness and regime of the strict economy are associated with growing income inequality, such an impact on distribution creates a vicious circle. The data on the economic damage from inequality show that policymakers should be more ready for redistribution. First of all, we must strive to strengthen economic growth. Secondly, in order to ensure economic growth for the benefit of the broader population, measures are needed to meet the needs of those affected by the financial crisis, technological change or globalization.