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Title:Towards global competition : catalysts and constraints PDF Logo
Authors:Siebert, Horst
Klodt, Henning
Issue Date:1998
Series/Report no.:Kiel Working Papers 897
Abstract:The ongoing process of globalization, which is boosted by technological and political catalysts as well, increasingly raises public concerns. It is feared that international integration will be accompanied by national disintegration, since the income distribution in rich countries will become less uniform. Moreover, policy-makers become aware of the fact that global competition also encompasses their realm, because it constrains the scope for independent national policies. However, they should refrain from restricting global competition by protectionistic measures, because substantial gains from globalization for the world economy in general and terms-of-trade improvements for industrial countries in particular are at stake.
JEL:F02
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Kieler Arbeitspapiere, IfW

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