Globalization, Migration, and Welfare State : Understanding the Macroeconomic Trifecta
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Overview
This book is about three key dimensions in economics--globalization, migration and the welfare state--that are of enduring interest. These issues are particularly important to consider at the present moment given the strains posed by the pandemic: there is at least a temporary setback to trade-globalization and migration, and the cost of fighting the pandemic will strain the ability of governments to provide welfare state services in a style and scope to which many of their citizens have become accustomed. The book explains the changing function of the welfare state in the presence of intensified globalization, or de-globalization, forces. The welfare state's policy-maker attitudes toward openness and migration depend on open-economy fundamentals, and the income class it represents. The author demonstrates the interactions between migration, globalization and macroeconomic policy in practice, using real-world unique episodes, with Israel deemed as well-functioning trifecta, and the US and Europe as imperfectly functioning trifecta.
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Details
- ISBN-13: 9783030643911
- ISBN-10: 3030643913
- Publisher: Palgrave MacMillan
- Publish Date: January 2021
- Dimensions: 8.27 x 5.83 x 0.56 inches
- Shipping Weight: 0.92 pounds
- Page Count: 191
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