Global Economic Change and Inequality

Global economic change includes economic restructuring, globalisation, technological changes, changes in labour market institutions, and spread of World culture and ideas. Though, the term inequality is very subjective, here inequality indicates the state of not being equal, regarding in rights, in status, as well as in opportunities which stands very much at the core of different social justice theories. Moreover, in their research many authors have distinguished 'economic inequality', mostly meaning as 'income inequality', 'monetary inequality' or, 'inequality in living conditions'. Additionally, economic inequality varies among societies, among different historical periods, among diverse economic structures as well as systems. This chapter discusses global economic change in terms of globalisation