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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References
See, e.g., the homepage of “Mobilization for Global Justice” (http://www.a16.org/), which criticizes policies supported by the IMF and the World Bank.
See Paul Krugman: What Should Trade Negotiators Negotiate About?, in: Journal of Economic Literature, Vol. 35, 1997, pp. 113–120.
See Jagdish Bhagwati: The Global Age: From a Skeptical South to a Fearful North, in: The World Economy, Vol. 20, 1997, pp. 259–283.
See Dani Rodrik: Das Globalization Gone Too Far?, Institute for International Economics, Washington DC 1997.
Jeffrey G. Williamson: Globalization, Labor Markets and Policy Backlash in the Past, in: Journal of Economic Perspectives, Vol. 12, 1998, pp. 51–72.
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Gundlach, E. Globalization: Economic challenges and the political response. Intereconomics 35, 114–118 (2000). https://doi.org/10.1007/BF02927196
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DOI: https://doi.org/10.1007/BF02927196