Deglobalization, as opposed to the term globalization, appears in the world order due to local solutions to problems and border controls, ignoring the principles of treaties, trade wars, and the expansion of regionalism. In addition, slowbalization helps shrink the global flow of trade, information, and societal and cultural exchange dynamism. However, this scary global order, as triggered by deglobalization and slowbalization, significantly impacts the income factors of allied nations. Against this background, we aim to investigate whether deglobalization and slowbalization proxied by the influencing magnitudes of globalization dimensions (e.g., globalization de facto and de jure, internet diffusions, and trade openness) impact the income inequality of the 12 post-Soviet countries, considering the panel data during 1991–2019. To this end, we apply the quantiles via moments approach to investigate the time-varying connectedness between variables that have country and data-centric heterogeneities. Our findings depict that deglobalization is futile in affecting the post-Soviet countries’ income dynamics, as globalization negatively affects income inequality in diverse quantiles. Specifically, globalization de facto (globalized policy-implementation spectrum) and internet diffusions have a significantly negative influence on reducing income inequality from low to medium quantiles (q.25–q.75). Globalization de jure (globalized policy-decision spectrum) and trade openness are statistically insignificant in entire quantiles (q.25–q.95), implying the likely existence of slowbalization. Finally, government expenditures and governance quality are monotonically negative in reducing income inequality at all quantiles (q.25–q.95). Therefore, policy suggestions enclose galvanizing globalization potentials in curbing income inequality to keep away the distressful phases of deglobalization and slowbalization.
PurposeThis paper aims to investigate the role of corruption and income inequality in three-dimensional sustainable development in the post-Soviet countries.Design/methodology/approachThe methodology is based on dynamic panel regression with the fixed effects approach.FindingsThe authors' findings depict that increasing corruption and income inequality undermine sustainable development. Specifically, increasing corruption and income inequality negatively affect sustainable development. Moreover, unemployment and trade liberalization negatively impact sustainable development, whereas foreign direct investments (FDIs) positively affect sustainable development.Practical implicationsPolicy implications enclose galvanizing strong institutions and redistributive policy mechanisms that the bottom income groups enjoy in promoting sustainable development to keep away the distressful phase of corruption and income inequality.Originality/valueThis is the first paper on corruption, income inequality and sustainable development in the post-Soviet countries employing a sustainable development index (SDI), which is calculated by considering three factors including economic, social and environmental development.Peer reviewThe peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-01-2023-0065
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