This paper treats the question to what extent globalization trends restrict a countryspecific regulation policy in …: financial market, product markets, labour markets and trade. After a short discussion of the link between globalization and … executed. The evidence shows that globalization in the narrow sense of trade openness and capital mobility has a rather limited …

Does globalization restrict the leeway for national budgetary policy? With the help of cluster and discriminant … dimensions are included in the analysis: tax structure, expenditure structure, public debt and budget size. Globalization as a … globalization does indeed matter for government budgets. However, substantial room for an individual national policy particularly in …