Globalization: Economic challenges and the political response |
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Authors: | Erich Gundlach |
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Institution: | (1) Kiel Institute of World Economics, Kiel, Germany |
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Abstract: | Recently, resistance to the—presumed and actual—consequences of globalization in both developed and developing countries has
gained momentum. While the arguments raised against globalization often lack economic substance, it will probably only prevail
if a broad majority of the population can be convinced that closer worldwide integration does serve their interests. This
can hardly be achieved without a convincing strategy for compensating the potential losers of globalization, given that globalization
tends to reduce the national states’ leeway for taxation and redistributive measures through social policies. |
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Keywords: | |
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