Note too that this relationship is not static: the point at which global competition bites will depend on the future upgrading of international - especially Chinese - industry and the skill composition of trade.16 An empirical analysis of the links between globalisation and inequality found that trade globalisation and export growth since 1990 have tended to decrease inequality in most countries, while financial globalisation and technological progress have both tended in the opposite direction (IMF, 2007). The duality of labour markets, particularly those of the Asian giants, is a case in point. In both India and China there is substantial inequality in incomes between rural and urban workers.