Globalization in Indonesia worsens income inequality over time, study finds.
Globalization and financial growth in Indonesia can increase income inequality over time. Initially, globalization may reduce income inequality, but in the long term, it worsens. Economic and political globalization can help lessen income inequality over time, but in the short term, it gets worse. Social globalization consistently increases income disparity in both the short and long term. Policymakers need to take action to address the negative effects of globalization on income distribution for a fairer society.