Globalization radically changes income distribution and triggers intense international tax competition. Therefore …, globalization entails an extensive restructuring of the welfare state. We analyze a parsimonious model of an open economy, in its … trade and finance transactions with the rest of the world, governed by voter-majority-controlled welfare state. We analyze …

between the welfare state and globalization driving forces. Globalization - a widespread contemporaneous phenomenon … finances of the welfare state. Financial globalization facilitates reallocation of capital across borders. The increased … typical welfare state. Another major aspect of globalization, low skill migration, attracted to the welfare state may put …

. Financial globalization gathered force. Trade globalization, however, reversed course since the Global Financial Crisis. The new …International trade increased rapidly after 1990, fueled by the growth of a complex network of global value chains … financial globalization …

We demonstrate how capital account and trade account liberalizations help reduce inefficiencies associated with the … fluctuations in the output gap. With trade liberalization the economy tends to specialize in production but not in consumption. The … correlation between fluctuations in the output gap and aggregate consumption is therefore weakened by trade openness; hence a …

The increasing globalization of economic activity is bringing an awareness of the international consequences of tax … tax systems-such as self-defeating tax competition among member nations-will be addressed. As barriers to trade and …

enhances (or inhibits) the trade and financial openness driven by diminished border effects; whether globalization chips away …Globalization radically changes income distribution and triggers intense international tax competition. Therefore …, globalization entails an extensive restructuring of the welfare state. We analyze a parsimonious model of an open economy, in its …

between the welfare state and globalization driving forces. Globalization – a widespread contemporaneous phenomenon … finances of the welfare state. Financial globalization facilitates reallocation of capital across borders. The increased … typical welfare state. Another major aspect of globalization, low skill migration, attracted to the welfare state may put …

policies, governed by a majority of the population, spreads the globalization's gains from trade to all income groups, even …Globalization, in the form of financial flows, which is always advantageous on an aggregative level, typically creates … those who are low skilled and have small capital endowments. Therefore, financial globalization of a welfare-state economy …

of the population, spreads the globalization's gains from trade to all income groups, even those who are low skilled and …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 …

relevant for the current debate about migration and globalization. The immigration wave was distinctive for its large high …