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effects of aging populations, migration, and globalization on the deteriorating system of financing welfare state benefits as … how the combined forces of demographic change and globalization will make it impossible for the welfare state to maintain … globalization of the capital market. Applying a political economy model and drawing on empirical data from the EU and the United …
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In recent decades, governments have built up substantial public debt, which is often accompanied by a growing public sector and fiscal policies that neglect long-term considerations. The contributors to this CESifo volume consider whether the development of public debt in the United States and...
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