globalization, international tax competition, and the fading generosity of the welfare state. Financial globalization triggers a … key mechanism which links financial globalization to redistribution policy, this paper develops a stripped-down model …, where easing the country access to the world capital markets induces political-economy based policy changes that impact …

Globalization, in the form of financial flows, which is always advantageous on an aggregative level, typically creates … winners and losers, if left exclusively to market forces. The effects of financial globalization on income inequality depends … on whether the country exports its capital to the rest of the world or imports capital from abroad. In the capital …

. Financial globalization gathered force. Trade globalization, however, reversed course since the Global Financial Crisis. The new … financial globalization …

and international trade in goods and securities.In our model, the world allocation of capital is governed, to some extent … world of certaint and may hinge on the identity of the factor which is used intensively in the industry with random …

source-based tax schemes) is essential for the existence of an equilibrium in an integrated world economy …

rest of the world are examined. For this purpose a general equilibrium model which is characterized by fully integrated … world capital marketsis constructed, economic agents behave rationally, and government policies are constrained to obey the …