There are basically three stories about the globalisation-welfare state nexus. The first story argues that globalisation is the cause of the chronic crisis of the welfare state. As national economies open to the international market, governments are forced to adapt to the imperatives of global...

Does globalization undermine the fiscal basis of the welfare state? The conventional wisdom believes so: open borders cause tax competition, which in turn leads to a race to the bottom in capital taxation. However, the data show that revenues from capital taxation are fairly stable in OECD...

Does economic globalization erase domestic policy autonomy? Globalization theorists argue that it does, globalization-skeptics counter that it doesn't. Reality, of course, is more nuanced. Analyzing tax policy in three country groups – OECD member states, tax havens, and least developed...