Economic Globalization and the Challenges to Governance

Abstract:

Many theoretical models show that redistribution causes low growth or capital outflows even
though empirically redistribution and growth are often found to be positively associated across countries. The government of a technologically superior economy may attract foreign and domestically owned capital and may have relatively higher GDP growth and more resources for redistribution than in a closed economy. The outlook on “global problems” is claimed from the current interest raised simultaneously in the conscience of our generation from everything that links directly to the socio-economic and political life of nations, material prosperity or spiritual progress of all members of society, while being independent from the source of the factors of both connected actions and processes, the cause and effect relation receiving a sense of problems of the human civilization that claims an exclusively multidisciplinary and interdisciplinary approach.

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