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Small, open developing economies in general, and small island developing states (SIDS) in particular, have specific macroeconomic characteristics due both to their openness and their small size. Small size means they can never have fully independent capital-intensive domestic economies, so to...
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This paper investigates the link between globalization, operationalized as openness to trade, and the welfare state …, defined as social spending, in a panel of 21 countries from 1920 to 2000. It argues for a clear definition of globalization … welfare program since the effect of globalization is probably not uniform. The paper finds notable divergences in openness and …
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