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According to the Globalization Paradox, globalization limits the freedom of choice for national governments. Capital …. Fixed factor taxes have the potential to improve welfare by defusing the globalization trilemma through a reduction in the …
Persistent link: https://www.econbiz.de/10010877683
To analyse the impacts of North-South globalization (NSG) and North-North globalization (NNG) upon social segmentation …-classical’ (displaying the opposite relationship). Globalization modifies the size of each group. NNG makes the groups of rentiers and … plausible values of the parameters and factor payments show that Globalization (NSG+NNG) increases the number of excluded and …
Persistent link: https://www.econbiz.de/10010938090
The literature on the benefits and costs of financial globalization for developing countries has exploded in recent … macroeconomic effects of financial globalization, in terms of both growth and volatility. Overall, our critical reading of the … financial globalization, but with many nuances. On the other hand, there is little systematic evidence to support widely cited …
Persistent link: https://www.econbiz.de/10005263828
The current global context poses several paradoxes: the recovery from the 2009 recession was not a recovery; investment, normally driven by profit rates, is lagging and not leading economic activity; the crisis is global but debate involves sub-global levels; and public safety-nets, which have...
Persistent link: https://www.econbiz.de/10009318802
Purpose – The purpose of this paper is to review concepts and measurements related to financial globalization such as …/methodology/approach – This paper surveys the theoretical and empirical literature on monetary interdependence and financial globalization. The … for national policies and the operation of the international monetary system of different dimensions of globalization. In …
Persistent link: https://www.econbiz.de/10010814922
This paper incorporates the influence of interest groups into the asymmetric tax competition model to explain the phenomenon that small countries do not necessarily set lower capital tax rates than large countries. In addition to the efficiency effect considered by the standard model, which...
Persistent link: https://www.econbiz.de/10010865717
The paper uses a unique database covering 44 countries in sub-Saharan Africa (SSA) countries between 2000 and 2007 to study the determinants of the allocation and composition of flows across countries, as well as channels through which private capital flows could affect growth. In our sample,...
Persistent link: https://www.econbiz.de/10008528679