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Double jeopardy : globalization, liberalization and the fiscal squeeze

By:

Grunberg, Isabelle

Material type: Text

TextPublication details: 1998Action note:

4/18/08 JOYD

Summary: Attempts to substantiate a 'fiscal squeeze' model of the effect of globalization. Outlines avenues for further, more systematic assessment of the phenomenon. Illustrates the 'squeeze' hypothesis with reference to two simultaneous phenomena - pressure on the spending side, and pressure on the revenue side. Analyzes distributional implications by using the example of the currency crises in South East Asia.

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Attempts to substantiate a 'fiscal squeeze' model of the effect of globalization. Outlines avenues for further, more systematic assessment of the phenomenon. Illustrates the 'squeeze' hypothesis with reference to two simultaneous phenomena - pressure on the spending side, and pressure on the revenue side. Analyzes distributional implications by using the example of the currency crises in South East Asia.