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ROLE OF OFFICIAL DEVELOPMENT ASSISTANCE FOREIGN DIRECT INVESTMENT AND TRADE OPENNESS IN REDUCING INCOME INEQUALITY AN EMPIRICAL ANALYSIS FROM SELECTED ASIAN COUNTRIES

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10 Pages : 105-112

http://dx.doi.org/10.31703/ger.2023(VIII-I).10      10.31703/ger.2023(VIII-I).10      Published : Mar 2023

Role of Official Development Assistance, Foreign Direct Investment and Trade Openness in Reducing Income Inequality: An Empirical Analysis from Selected Asian Countries

Abstract

    Income inequality has been increasing steadily in developing economies. Many factors are responsible for such income inequality and deteriorated economic growth in Asian economies. For this reason, a lot of debate has been made about reducing income inequality. Though the existing study also takes into account the important role of official development assistance, foreign direct investment, and trade openness in reducing income inequality in selected Asian countries, the study found that official development aid, foreign direct investment, trade openness, and labour force participation have greatly reduced income disparity in 10 Asian nations. For growth, good production and exports require more jobs. Globalization and international ties should be prioritized. Finally, economies need a stable economic and political environment to attract aid and foreign investment and grow and expand.

    Income Inequality, Official Development Assistance, Trade Openness, Asian Countries

    (1) Asima Ihsan
    Research Analyst, Punjab Tourism for Economic Growth Project, Lahore, Punjab, Pakistan.
    (2) Faizan Ali
    Lecturer, Department of Higher Education, Government of Punjab, Pakistan.
    (3) Faran Ali
    Senior Officer, University of Management & Technology, Lahore, Punjab, Pakistan.
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Cite this article

APA

    APA : Ihsan, A., Ali, F., & Ali, F. (2023). Role of Official Development Assistance, Foreign Direct Investment and Trade Openness in Reducing Income Inequality: An Empirical Analysis from Selected Asian Countries. Global Economics Review, VIII(I), 105-112. https://doi.org/10.31703/ger.2023(VIII-I).10

CHICAGO

    CHICAGO : Ihsan, Asima, Faizan Ali, and Faran Ali. 2023. "Role of Official Development Assistance, Foreign Direct Investment and Trade Openness in Reducing Income Inequality: An Empirical Analysis from Selected Asian Countries." Global Economics Review, VIII (I): 105-112 doi: 10.31703/ger.2023(VIII-I).10

HARVARD

    HARVARD : IHSAN, A., ALI, F. & ALI, F. 2023. Role of Official Development Assistance, Foreign Direct Investment and Trade Openness in Reducing Income Inequality: An Empirical Analysis from Selected Asian Countries. Global Economics Review, VIII, 105-112.

MHRA

    MHRA : Ihsan, Asima, Faizan Ali, and Faran Ali. 2023. "Role of Official Development Assistance, Foreign Direct Investment and Trade Openness in Reducing Income Inequality: An Empirical Analysis from Selected Asian Countries." Global Economics Review, VIII: 105-112

MLA

    MLA : Ihsan, Asima, Faizan Ali, and Faran Ali. "Role of Official Development Assistance, Foreign Direct Investment and Trade Openness in Reducing Income Inequality: An Empirical Analysis from Selected Asian Countries." Global Economics Review, VIII.I (2023): 105-112 Print.

OXFORD

    OXFORD : Ihsan, Asima, Ali, Faizan, and Ali, Faran (2023), "Role of Official Development Assistance, Foreign Direct Investment and Trade Openness in Reducing Income Inequality: An Empirical Analysis from Selected Asian Countries", Global Economics Review, VIII (I), 105-112

TURABIAN

    TURABIAN : Ihsan, Asima, Faizan Ali, and Faran Ali. "Role of Official Development Assistance, Foreign Direct Investment and Trade Openness in Reducing Income Inequality: An Empirical Analysis from Selected Asian Countries." Global Economics Review VIII, no. I (2023): 105-112. https://doi.org/10.31703/ger.2023(VIII-I).10