Making Policy under Efficiency Pressures
Globalization, Public Spending, and Social Welfare
This chapter evaluates the efficiency and compensation hypotheses related to public finance. The findings reveal that many of the factors that have contributed to the growth in public spending over the past 150 years were not related to globalization and that the faster a country's integration in the world economy, the slower its growth in public spending. The result also suggests that spending on social protection cannot be equated with public spending and that public social spending has been in decline in the 1980s.
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