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The choice of domestic policies in a globalized economy

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  • Fischer, Justina A.V.

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 changes constrain government’s policy choice set to an extent that actual government policies are quite freed from any political ideological context. Important government tasks in a globalized economy include remedying information asymmetries and regulating markets as well as provision of essential goods.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 36990.

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Date of creation: 28 Feb 2012
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Handle: RePEc:pra:mprapa:36990

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Keywords: globalization; international trade; domestic policy; deregulation; competition; financial markets;

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Cited by:
  1. Fischer, Justina A.V., 2012. "Globalization and social networks," MPRA Paper, University Library of Munich, Germany 40404, University Library of Munich, Germany.
  2. Fischer, Justina A.V. & Somogyi, Frank, 2012. "Globalization and protection of employment," MPRA Paper, University Library of Munich, Germany 39426, University Library of Munich, Germany.
  3. Fischer, Justina AV, 2012. "Ist eine Deregulierung der Arbeitsmärkte in den südlichen EU-Staaten zur Bekämpfung der Eurokrise sinnvoll?
    [Does deregulation of labor markets in Southern EU-countries solve the Euro crisis?]
    ," MPRA Paper, University Library of Munich, Germany 41543, University Library of Munich, Germany.

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