Showing 1 - 10 of 338
Globalization – improved access to integrated, anonymous markets – is claimed to crowd out cooperative relations: from …. The aversion to intertemporal substitution, a regular feature of real world agents, facilitates cooperation by decreasing …
Persistent link: https://www.econbiz.de/10005136656
This paper analyzes the redistributive effects of the EU budget during the period 1986-97 and advances a proposal for setting member countries' budgetary balances in a manner consistent with a simple equity criterion based on relative income per capita.
Persistent link: https://www.econbiz.de/10005791627
The Paper analyses (i) if globalization is undemocratic, (ii) if NGOs can fill a gap in representation and … accountability, and (iii) the role of inter-governmental (undemocratic) international institutions like the World Bank with regard to … democracy and globalization. A major part deals with the question of whether globalization enhances democracy. The answer is …
Persistent link: https://www.econbiz.de/10005497698
This Paper focuses on policies facilitating firm adjustment to globalization. We briefly review the effects of trade …
Persistent link: https://www.econbiz.de/10005114424
The new conventional wisdom on globalization emphasizes that reaping the benefits of trade and financial integration is … continue to pose an important constraint on the world economy. In reality, lack of openness is no longer the binding constraint … alike. An alternative approach to globalization would focus on enhancing policy space rather than market access, and on …
Persistent link: https://www.econbiz.de/10005666608
decisions, when the removal either of trade barriers or of restrictions on capital outflows/inflows (‘globalization’) allows … yields the relocation of the whole industry, autarchy is strictly better, in welfare terms, than ‘globalization’. It is only … when relocation is a dominant strategy for one (and only one) of the firms, that ‘globalization’ may be unambiguously …
Persistent link: https://www.econbiz.de/10005661863
We examine the role of non-economic partnerships in promoting international economic exchange. Since far-sighted countries are more willing to join costly international partnerships such as environmental treaties, environmental engagement tends to encourage international lending. Countries with...
Persistent link: https://www.econbiz.de/10005666580
The success or failure of the fight against tax havens is the outcome of a coordination game between a tax haven and its potential investors. Key determinants are the costly international pressure and the haven country's revenue pool. The latter is determined endogenously by the decisions of...
Persistent link: https://www.econbiz.de/10011213307
The EU policy against harmful tax competition aims at eliminating tax policies targeted at attracting the internationally mobile tax base. We examine this issue by considering two countries which decide their corporate tax rates their tax regimes (discriminatory or non-discriminatory tax...
Persistent link: https://www.econbiz.de/10008530356
The paper reviews and evaluates in a non-technical manner the economic and political arguments for and against the two fiscal convergence criteria written into the Treaty of Maastricht and its Protocols. In order to qualify for full membership in Economic and Monetary Union (EMU), net general...
Persistent link: https://www.econbiz.de/10005123517