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Globalization, Migration, and Welfare State - Understanding the Macroeconomic Trifecta (Hardcover, 1st ed. 2021)
Loot Price: R3,353
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Globalization, Migration, and Welfare State - Understanding the Macroeconomic Trifecta (Hardcover, 1st ed. 2021)
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This book is about three key dimensions in economics-globalization,
migration and the welfare state-that are of enduring interest.
These issues are particularly important to consider at the present
moment given the strains posed by the pandemic: there is at least a
temporary setback to trade-globalization and migration, and the
cost of fighting the pandemic will strain the ability of
governments to provide welfare state services in a style and scope
to which many of their citizens have become accustomed. The book
explains the changing function of the welfare state in the presence
of intensified globalization, or de-globalization, forces. The
welfare state's policy-maker attitudes toward openness and
migration depend on open-economy fundamentals, and the income class
it represents. The author demonstrates the interactions between
migration, globalization and macroeconomic policy in practice,
using real-world unique episodes, with Israel deemed as
well-functioning trifecta, and the US and Europe as imperfectly
functioning trifecta.
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