lecture13 - Lecture 13 (Feb 26) Globalization and partisan...

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Lecture 13 (Feb 26) Globalization and partisan politics z Globalization and national autonomy z Ideology and economic policy z Globalization and left-wing government z Social democratic corporatism and economic performance in the global economy z Three main arguments z Empirical evidence
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Globalization and national autonomy (Garrett 1998) z Globalization and national autonomy are not mutually exclusive options. z The benefits of globalization can be reaped without undermining the economic sovereignty of nations.
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Ideology and economic policy: traditional view z Right-wing parties: support the market allocation of wealth and risk z Left-wing parties: favor government efforts to alter market outcomes
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Globalization and left-wing government: popular view -> Globalization increases the potential long-run social benefits of markets, but it also heightens political opposition to them in the short- run. Governments have to reconcile these two forces. 1. The state of the macroeconomy is important for ________ 2. Government interventions in the economy beyond market friendly measures harm __________________. -> If redistributive policies only lead to disinvestment and recession, even voters who benefit in the short term from a large public economy will ultimately abandon governments with leftist economic policies. => Even left-wing governments that would like to use the policy
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lecture13 - Lecture 13 (Feb 26) Globalization and partisan...

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