Globalization And Fiscal Problems
AbstractGlobalization is an ongoing phenomenon and once we are aware of its proportions, the social, political and economic actors need to manage coordinated steps. As a consequence global world has to pay more attention to fiscal actions. Our paper aims to take stock of the fiscal problems caused by phenomena such as globalization, the internationalization of economic activities and economic integration in the European Union and increased risk of unsustainable growth of debt of European countries. Our research begins with an analysis of the concept of globalization. Another issue considered is if the European Union where the euro pushed up public debt of the member countries. Finally we take into consideration the risks and opportunities of common fiscal policy response to phenomena such as economic crises and as Romania, where taxation is trying to place our country in a European directive.
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Bibliographic InfoArticle provided by University of Craiova, Faculty of Economics and Business Administration in its journal Annals of Computational Economics.
Volume (Year): 4 (2011)
Issue (Month): 39 (May)
critical; globalization; tax competition; sovereign debt; financial and economic crisis; unsustainable debt;
Find related papers by JEL classification:
- G01 - Financial Economics - - General - - - Financial Crises
- H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
- H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
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- Bretschger, Lucas & Hettich, Frank, 2005. "Globalization and International Tax Competition: Empirical Evidence Based on Effective Tax Rates," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 20, pages 530-542.
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