The choice of domestic policies in a globalized economy

Justina A. V. Fischer

MPRA Paper from University Library of Munich, Germany

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.

Keywords: globalization; international trade; domestic policy; deregulation; competition; financial markets (search for similar items in EconPapers)
JEL-codes: D82 F15 H23 H40 H41 (search for similar items in EconPapers)
Date: 2012-02-28
New Economics Papers: this item is included in nep-soc
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:36990

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