IMF Working Papers

Globalization and the Future of Social Protection

By Vito Tanzi

January 1, 2000

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Vito Tanzi. Globalization and the Future of Social Protection, (USA: International Monetary Fund, 2000) accessed November 21, 2024
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

Social protection in industrial countries has been provided through regulations, tax expenditures, and public spending. This paper argues that globalization will affect governments’ ability to continue providing this social protection at the level of recent decades. Specifically, tax competition among jurisdictions, ballooning electronic commerce, and increased mobility of the factors of production will likely cause significant falls in tax revenue in future years. The paper concludes that the welfare states need to look for alternative ways to provide social protection.

Subject: Expenditure, Globalization, Income, National accounts, Public financial management (PFM), Revenue administration, Tax expenditures

Keywords: Country, East Asia, Global, Globalization, Government, Government expenditure, Income, Public spending, Regulations, Social expenditure, South Asia, Tax authorities, Tax competition, Tax expenditure, Tax expenditures, Tax exporting, Tax jurisdiction, Tax level, Taxes, Tobin tax, Welfare state, World government, WP

Publication Details

  • Pages:

    22

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2000/012

  • Stock No:

    WPIEA0122000

  • ISBN:

    9781451842890

  • ISSN:

    1018-5941

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