In The Decline of the Welfare State, Assaf Razin and Efraim Sadka use a political economy framework to analyze the effects of aging populations, migration, and globalization on the deteriorating system of financing welfare state benefits as we know them. Their timely analysis, supported by a...

Many countries have experienced major economic changes since the mid-1980s as a result of the deregulation and liberalization of national financial systems – two key aspects of globalization – with some experiencing boom and bust in rapid succession. The small Northern European country of...

Intro -- Contents -- Preface -- Series Foreword -- 1 Introduction -- 2 The Crisis of the Early 1990s -- 3 Macroeconomic Policies before and during the Crisis and in the Upswing -- 4 Renewed Growth and Structural Change -- 5 The Importance of Human Capital -- 6 The New Economy in Finland -- 7...