R edistribution i n A G lobalized W orld

David R. Agrawal, Dirk Foremny

Research output: Contribution to journalArticlepeer-review

Abstract

Due to technological change, the opening of borders, and increased economic integration, the financial costs of relocating businesses and factors of production, moving residences, changing jobs, and transporting goods and services across borders pose new challenges for countries and subnational governments seeking to implement redistributive policies. This increasing mobility across borders implies that redistributive policies may amplify interjurisdictional fiscal externalities. In this article, we selectively review the literature relating to redistributive policy in an open economy setting. We then consider some of the implications of globalization for policy design, both within federal systems and across countries. Although globalization poses new challenges for fiscal systems, it does not necessarily imply that redistributive policy becomes untenable and possibly enhances the need for redistribution.

Original languageEnglish
Pages (from-to)551-567
Number of pages17
JournalJahrbucher fur Nationalokonomie und Statistik
Volume242
Issue number5-6
DOIs
StatePublished - Dec 1 2022

Bibliographical note

Publisher Copyright:
© 2022 Walter de Gruyter GmbH, Berlin/Boston.

Keywords

  • globalization
  • mobility
  • redistributive policy

ASJC Scopus subject areas

  • General Business, Management and Accounting
  • Social Sciences (miscellaneous)
  • Economics and Econometrics

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