Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/1054 
Year of Publication: 
1998
Citation: 
[Publisher:] Institut für Weltwirtschaft (IfW) [Place:] Kiel [Year:] 1998
Series/Report no.: 
Kiel Working Paper No. 897
Publisher: 
Kiel Institute of World Economics (IfW), Kiel
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
Document Version: 
Digitized Version

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