Globalization and the Future of Social Protection

Vito Tanzi

No 2000/012, IMF Working Papers from International Monetary Fund

Abstract: Social protection in industrial countries has been provided through regulations, tax expenditures, and public spending. This paper argues that globalization will affect governments’ ability to continue providing this social protection at the level of recent decades. Specifically, tax competition among jurisdictions, ballooning electronic commerce, and increased mobility of the factors of production will likely cause significant falls in tax revenue in future years. The paper concludes that the welfare states need to look for alternative ways to provide social protection.

Keywords: WP; country; government; tax authorities; government expenditure; Tobin tax; world government; globalization; welfare state; tax expenditure; regulations; taxes; public spending; social expenditure; tax competition; tax level; tax exporting; tax jurisdiction; Tax expenditures; Income; East Asia; South Asia; Global (search for similar items in EconPapers)
Pages: 22
Date: 2000-01-01
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Citations: View citations in EconPapers (19)

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