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Start with redistributive effects.
But it also has "redistributive" effects.
While globalization occasionally raises difficult questions about the legitimacy of its redistributive effects, we should not respond automatically by restricting trade.
It's precisely because the redistributive effects of a minimum wage are complicated that most economists prefer other ways to help low-income families.
The Treasury Select Committee last month asked the Chancellor to provide a wider analysis of the redistributive effects of the Budget, but this has not been forthcoming as yet.
ECONOMIST Dani Rodrik has become a bit of a bomb-thrower on issues of globalisation, but I think he makes a point in this column that is worth heeding:[W]hen we expect redistributive effects to even out in the long run, so that everyone eventually comes out ahead, we are more likely to overlook reshufflings of income.
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The redistributive effect of the Premier League's £5.1bn TV deal contributed.
Mandated health insurance is redistributive — let us be candid about that because that is the nature of insurance, social and otherwise — but without this mild redistributive effect, the United States will continue its fall to third-world ranking.
"Predistribution" may strike a chord with policy wonks, but how is it practicable to reduce the inequality of income before tax and public expenditure exert their (modest) redistributive effect?
It also concluded that the worst-hit group were usually immigrants from the previous wave .The real problem with immigration is not its overall economic impact but its redistributive effect," says George Borjas.
One can, however, argue that the total redistributive effect from higher to lower income groups is substantial when considering the degree to which property taxes pay for schools and other services for low-income groups.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com