Logo
Munich Personal RePEc Archive

The choice of domestic policies in a globalized economy: Extended Version

Fischer, Justina A.V. (2012): The choice of domestic policies in a globalized economy: Extended Version.

[thumbnail of MPRA_paper_37816.pdf]
Preview
PDF
MPRA_paper_37816.pdf

Download (460kB) | Preview

Abstract

This paper describes the socio-economic adjustment effects exerted by globalization (taking as starting points competitive pressure, sectoral shifts, and financial market contagion) and discusses their relevance for domestic policy-making. I argue that these economic pressures and the resulting transformations in the domestic economy constrain government’s policy choice set to an extent that actual policies are quite freed from any political ideological context. However, important government tasks in a globalized economy remain: remedying information asymmetries between buyers and sellers, regulating markets to combat externalities, as well as providing essential goods.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.