This paper discusses efficiency considerations underlying the widespread exemption of food from sales and value added taxes, in contrast to the distributional considerations usually used to justify them, analyzing the implications for tax policy. Although there are increasing returns in both...

This paper discusses efficiency considerations underlying the widespread exemption of food from sales and value added taxes, in contrast to the distributional considerations usually used to justify them, analyzing the implications for tax policy. Although there are increasing returns in both...

Although there have been major globalisation episodes prior to the current one, previous globalisation experiences did not seem as pervasive as the episode which began in the last quarter of the twentieth century. It is claimed that the current globalisation wave is causing social disruption:...