Description Globalization is triggering a \'revenue shock\' in developing economies.
This important contribution on the battle between open societies and the ability of governments to help their people prosper under globalization is essential reading for students and scholars of political economy, development studies and comparative politics..
Paradoxically, then, citizens of Democracies suffer precisely because their freer political culture constrains governmental ability to tax and redistribute under globalization.
The repercussions are significant: while the poor bear the brunt of this revenue shortfall in democracies, authoritarian regimes are better-off overall.
Specifically, policymakers in Democracies confront greater challenges than their authoritarian counterparts when implementing tax reforms to offset liberalization\'s revenue shocks.
Bastiaens and Rudra make the novel argument that regime type is a major determinant of revenue-raising capacity once free trade policies have been adopted.
International trade taxes - once the primary source of government revenue - have been cut drastically in response to trade liberalization.
Description Globalization is triggering a \'revenue shock\' in developing economies
