@workingpaper{Asongu2013b_28,
title = {Inequality, poverty and quality of institutions: which freedom channels of globalization matter for Africa?},
author = {Simplice A Asongu},
editor = {African 2013 Governance and Development Institute WP/13/014},
url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Inequality-poverty-and-quality-of-institutions.-Which-freedom-channels-of-globalization-matter-for-Africa.pdf},
year = {2013},
date = {2013-01-01},
abstract = {Are formal institutions instrumental in the effect globalization mechanisms have on
the human face? If so, through which freedoms channels are poverty and inequality
mitigated? With the instrumentality of formal institutions: (1) de jure financial liberalization
(KAOPEN) has a positive income-redistribution impact while the de facto measure (FDI)
does not; (2) political liberalization has a disequalizing effect and; (3) economic freedom has
a positive (negative) effect on inequality (poverty). Hence, economic freedom does not stop
the wealthy from growing wealthier, but at the same time provides for conditions that mitigate
poverty. The findings broadly show that, despite the substantially documented negative
incidences of some channels of globalization on poverty (and inequality), formal institutions
have the capacity to device policies that will give capital openness, trade and economic
liberalizations a human face. Social implications and policy options are discussed.},
keywords = {Globalization; Inequality; Poverty; Formal institutions; Africa},
pubstate = {published},
tppubtype = {workingpaper}
}