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Marti Mestieri
Martí Mestieri is Assistant Professor of Economics at Northwestern University. Mestieri's research focuses on international trade and economic growth. His research analyses how technology adoption, human capital acquisition, and different trade regimes affect economic growth and income inequality across and within countries.
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The new globalisation and income inequality
Trade in intermediates (or ‘unbundling of production') and trade in capital have become increasingly important in last 25 years. This article shows that trade in intermediates generates a reallocation of capital across countries that exacerbates world inequality in both income and welfare. Unbundling of production hurts middle-income countries but helps those with high productivity. Trade in intermediates also increases within-country inequality, and this increase is U-shaped in the aggregate productivity level of the country.
