FES International Research Seminar Series with Professor Assaf Razin, Tel Aviv University, Israel

Our next speaker in the FES International Research Seminar Series is Assaf Razin, who is a Professor of Economics at Tel Aviv University.

Speaker: Assaf Razin, Tel Aviv University

Title: Financial Globalization and the Welfare State

The abstract: Financial globalization has first-order effects on the international allocation of capital. The greater ease of the country’s access to the world financial markets tends to downscale the scope and size of the welfare-state redistribution system., Financial globalization also triggers a race-to-bottom tax competition which further downscale the welfare state., However, the system, endogenously determined by majority voting,  acts as a device that compensates the financial-globalization losers, at the expense of the winners, in a way that financial globalization generates, in effect, Pareto improving changes. This review is about how economists should think about the connection between globalization and the welfare state, with strong motivating historical examples and empirical facts, and non-technical analytics.

 
Date: September 17, 2018

Time: 13:40-15:00

Venue: Shabolovka campus, room 3209

FES Seminars webpage: https://economics.hse.ru/en/seminars/ 

For external participants: to order the pass, please contact dmalbakhova@hse.ru