Chapter 12 Assessing and Rethinking Sustainable Development and Globalization from the Aspects of Income Distribution and Labor

As globalization has influence on social sustainability mainly due to its effects on income distribution as well as labor share and profile at the local and global levels, sustainable development and globalization need to be examined from the social sustainability point of view. Social sustainability aspect of development and globalization is mainly affected by the income distribution and labor aspects. Labor share, degree of equality in the income distribution, labor competence, degree of elimination of child labor, degree of labor intensiveness in the production, labor's level of competence and productivity are among the main factors which can be influenced by globalization, its opportunities, and challenges as well as by its transformation into the postglobalization phase. These factors can influence social sustainability. In other words, there is a link and relationship among sustainable development, globalization, and postglobalization, income distribution and labor. Enhancing welfare of the societies and social sustainability necessitates focusing on the ways to achieve equality in the income distribution, and enhanced working conditions at the local and global levels across countries and industries. Based on an in-depth literature review, this chapter aims to assess and rethink sustainable development and globalization from the income distribution and labour aspects. Furthermore, this chapter covers and examines effects of globalization on low-income and developed countries. This chapter provides suggestions and recommendations on how to enhance welfare of the society at the local and global levels in the post-growth phase. This chapter is expected to be useful to policy makers, researchers, and academics.