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The choice of domestic policies in a globalized economy

  • Fischer, Justina A.V.

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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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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