6 Jul 2014
Is Globalization manageable ?
Debate 5
Neo-classical theory praises globalization, however the rise of unemployment, deindustrialization, fiscal dumping have cast doubt on its approach. Empirical shows that gains depend on a number of factors among which a well-regulated financial system and the capacity to redistribute gains. What public policies are most likely to control globalization at national levels? Are macro-prudential policies an efficient tool against the destabilizing effects of capital flows? To what extent have G20 endeavors to reduce fiscal evasion been successful?