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Towards global competition: catalysts and constraints

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  • Siebert, Horst
  • Klodt, Henning

Abstract

The ongoing process of globalization, which is boosted by technological and political catalysts as well, increasingly raises public concerns. It is feared that international integration will be accompanied by national disintegration, since the income distribution in rich countries will become less uniform. Moreover, policy-makers become aware of the fact that global competition also encompasses their realm, because it constrains the scope for independent national policies. However, they should refrain from restricting global competition by protectionistic measures, because substantial gains from globalization for the world economy in general and terms-of-trade improvements for industrial countries in particular are at stake.

Suggested Citation

  • Siebert, Horst & Klodt, Henning, 1998. "Towards global competition: catalysts and constraints," Kiel Working Papers 897, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:897
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    References listed on IDEAS

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    1. Spinanger, Dean, 1997. "The WTO after the Singapore ministerial: Much to do about what?," Kiel Discussion Papers 304, Kiel Institute for the World Economy (IfW Kiel).
    2. World Bank, 1995. "World Development Report 1995," World Bank Publications - Books, The World Bank Group, number 5978.
    3. Dani Rodrik, 1998. "Has Globalization Gone Too Far?," Challenge, Taylor & Francis Journals, vol. 41(2), pages 81-94, March.
    4. Jagdish Bhagwati, 1989. "Protectionism," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262521504, December.
    5. Horst Siebert, 1997. "Labor Market Rigidities: At the Root of Unemployment in Europe," Journal of Economic Perspectives, American Economic Association, vol. 11(3), pages 37-54, Summer.
    6. Gundlach, Erich & Nunnenkamp, Peter, 1997. "Labor markets in the global economy: How to prevent rising wage gaps and unemployment," Kiel Discussion Papers 305, Kiel Institute for the World Economy (IfW Kiel).
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    Cited by:

    1. Strauß Hubert, 2003. "Globalisierung und die Prognose des deutschen Außenhandels / Forecasting Germany’s Exports and Imports in the Era of Globalization," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 223(2), pages 176-203, April.

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    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration

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