Redistribution in a Globalized World

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: CESifo Working Paper ; No. 10106

Classification and Topics

• Classification: Wirtschaft ; Taxation, Subsidies, and Revenue: General ; State and Local Government; Intergovernmental Relations: General ; Economic Impacts of Globalization: General
• Subject: globalization ; redistributive policy ; mobility

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Agrawal, David R. ; Foremny, Dirk
• Event: Veröffentlichung
• (who): Center for Economic Studies and ifo Institute (CESifo)
• (where): Munich
• (when): 2022

Further information

• Handle: http://hdl.handle.net/10419/267338
• Last update: 10.03.2025, 11:43 AM CET