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8 Cards in this Set
- Front
- Back
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What happens with trade exposure?
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% GDP of Trade goes up
government spending issues globalization limits gove spending non trade barriers globalization increases high end? capital flow also pressure on spending (anti inflation - fiscal responsibility, low budget deficits) recent trend |
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Recent trends in trade exposure reactions
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macro economics
stimulus package in US 5% GDP Range 1-5% GDP worldwide Scandinaviant Countries closer to 1% EMU Technology Convergence Theory |
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Reasons for recent rends in trade exposure reactions
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death of laissez fiare?
capital flows since sept 09 have gone down a lot. |
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EMU & technology and recent trends in trade exposure reactions
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unions
technological change increased split between skilled and unskilled increased split between exposed vs protected increased split private vs. public section |
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Convergence theory in trade exposure
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neo liberalism!
no, because nationalism policy legacies |
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Social Democracy and Garrett's argument
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Social democracy will persist!
Economics not only reason for voting Government spending may lead to significant increase in growth problems with this argument budgetary constraints how much is just pushed by bubbles? |
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Globalization or Deindustrialization?
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Iverson says
economic dislocations hasn't been signs of scaling back welfare state growth of government = trade expansion (governments trying to keep workers because of trade expansion) lots of out of work manufacturing workiers skills boundary - new workers get taught instead Firms - skills always undersupplied, firms have no commitment to workers of different industries women better at rebounding state has to step in to move process along |
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Countries try to change micro level delivery of services
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opt out of decommodification and opt in employment policies
employability cut inefficiencies of public welfare state like multi-generational unemployment try to change rules of the game - pring private sector roles to public sector, right and left work together on ALMP etc |
