Don't blame globalisation for the squeezing of the middle class
By Angel Ubide
Date of publication:
02 February 2007
Pages:
4 Free download (pdf, 84.82 Kb)Dowloaded: 1082 times
Printed book:
€ 12.00
Globalisation is being blamed for the squeezing of the middle class and protectionism is being offered as a solution. This paper by Angel Ubide, Director of Global Economics at the Tudor Investment Corporation and an Associate CEPS Fellow, argues that the increase in inequality is a long-term trend resulting from a variety of factors, including the decline in manufacturing, the reduction in the progressivity of taxation and the steady increase in asset prices, and that globalisation has only had a marginal impact. Protectionism will not revert any of these trends. We discuss some policy options aimed at cushioning this increase in inequality and argue that they will likely result in expanding fiscal deficits and pressure on central banks to test the limits of growth.
Array
(
[nid] => 1266
[type] => book
[language] => en
[uid] => 1
[status] => 1
[created] => 1251300386
[changed] => 1252933563
[comment] => 0
[promote] => 0
[moderate] => 0
[sticky] => 0
[tnid] => 0
[translate] => 0
[vid] => 1266
[revision_uid] => 1
[title] => Don't blame globalisation for the squeezing of the middle class
[body] =>
[log] =>
[revision_timestamp] => 1252933563
[format] => 1
[name] => admin
[picture] =>
[data] => a:9:{s:13:"form_build_id";s:37:"form-1b90abbaecb9b15577eca8ccdfd1dee0";s:8:"new_role";i:0;s:12:"new_role_add";s:1:"3";s:16:"new_role_add_qty";s:0:"";s:24:"new_role_add_granularity";s:3:"day";s:24:"xmlsitemap_user_priority";s:2:"-2";s:8:"file_add";a:0:{}s:5:"block";a:1:{s:5:"block";a:1:{i:4;i:1;}}s:5:"piwik";a:1:{s:16:"piwik_token_auth";s:5:"admin";}}
[model] =>
[attributes] => Array
(
)
[links] =>
[template_files] => Array
(
[0] => node-product
[1] => node-book
)
[node] => stdClass Object
(
[nid] => 1266
[type] => book
[language] => en
[uid] => 1
[status] => 1
[created] => 1251300386
[changed] => 1252933563
[comment] => 0
[promote] => 0
[moderate] => 0
[sticky] => 0
[tnid] => 0
[translate] => 0
[vid] => 1266
[revision_uid] => 1
[title] => Don't blame globalisation for the squeezing of the middle class
[body] =>
[log] =>
[revision_timestamp] => 1252933563
[format] => 1
[name] => admin
[picture] =>
[data] => a:9:{s:13:"form_build_id";s:37:"form-1b90abbaecb9b15577eca8ccdfd1dee0";s:8:"new_role";i:0;s:12:"new_role_add";s:1:"3";s:16:"new_role_add_qty";s:0:"";s:24:"new_role_add_granularity";s:3:"day";s:24:"xmlsitemap_user_priority";s:2:"-2";s:8:"file_add";a:0:{}s:5:"block";a:1:{s:5:"block";a:1:{i:4;i:1;}}s:5:"piwik";a:1:{s:16:"piwik_token_auth";s:5:"admin";}}
[model] =>
[#printed] => 1
)
[model] => Array
(
[#value] =>
[#printed] => 1
)
[list_price] => Array
(
[#value] =>
[#printed] => 1
)
[field_book_pages] => Array
(
[#type_name] => book
[#context] => full
[#field_name] => field_book_pages
[#post_render] => Array
(
[0] => content_field_wrapper_post_render
)
[#weight] => 4
[field] => Array
(
[#description] =>
[items] => Array
(
[0] => Array
(
[#formatter] => default
[#node] => stdClass Object
*RECURSION*
[#type_name] => book
[#field_name] => field_book_pages
[#weight] => 0
[#theme] => number_formatter_default
[#item] => Array
(
[value] => 4
[#delta] => 0
)
[#title] =>
[#description] =>
[#theme_used] => 1
[#printed] => 1
[#type] =>
[#value] =>
[#prefix] =>
[#suffix] =>
[#children] => 4
)
[#title] =>
[#description] =>
[#children] => 4
[#printed] => 1
)
[#single] => 1
[#attributes] => Array
(
)
[#required] =>
[#parents] => Array
(
)
[#tree] =>
[#context] => full
[#page] => 1
[#field_name] => field_book_pages
[#title] => Pages
[#access] => 1
[#label_display] => inline
[#teaser] =>
[#node] => stdClass Object
*RECURSION*
[#type] => content_field
[#children] => 4
[#printed] => 1
)
[#title] =>
[#description] =>
[#children] =>
[#printed] => 1
)
[sell_price] => Array
(
[#value] =>
[#title] =>
[#description] =>
[#printed] => 1
)
[dimensions] => Array
(
[#value] =>
[#title] =>
[#description] =>
[#printed] => 1
)
[body] => Array
(
[#weight] => 10
[#value] =>
[#title] =>
[#description] =>
[#printed] => 1
)
[#title] =>
[#description] =>
[#children] =>
[#printed] => 1
)
[attributes] => Array
(
)
[links] => Array
(
[print_html] => Array
(
[href] => print/1266
[title] => Print this page
[attributes] => Array
(
[title] => Display a printer-friendly version of this page.
[class] => print-page
[rel] => nofollow
)
[html] =>
[query] =>
)
)
)
[teaser] =>
[page] => 1
[zebra] => odd
[id] => 1
[directory] => sites/all/themes/ceps
[is_admin] =>
[is_front] =>
[logged_in] =>
[db_is_active] => 1
[user] => stdClass Object
(
[uid] => 0
[hostname] => 38.107.191.99
[roles] => Array
(
[1] => anonymous user
)
[session] => uc_referer_uri|s:28:"http://www.ceps.eu/node/1603";
[cache] => 0
)
[date] => 26 August 2009
[node_url] => /book/dont-blame-globalisation-squeezing-middle-class
[terms] =>
[submitted] =>
[field_book_short_title_rendered] =>
[field_book_author_rendered] =>
[field_book_publication_date_rendered] =>
[field_type_rendered] =>
[field_book_number_rendered] =>
[field_book_pages_rendered] =>
[unpublished] =>
[classes] => node node-type-book
[authors] => By Angel Ubide
)
€ 12.00
Date of publication:
02 February 2007
type:
Printed book
Number:
121
Pages:
4 | Attachment | Size | Hits | Last download |
|---|---|---|---|
| 1432.pdf | 82.83 KB | 1005 | 46 min 32 sec ago |
Globalisation is being blamed for the squeezing of the middle class and protectionism is being offered as a solution. This paper by Angel Ubide, Director of Global Economics at the Tudor Investment Corporation and an Associate CEPS Fellow, argues that the increase in inequality is a long-term trend resulting from a variety of factors, including the decline in manufacturing, the reduction in the progressivity of taxation and the steady increase in asset prices, and that globalisation has only had a marginal impact. Protectionism will not revert any of these trends. We discuss some policy options aimed at cushioning this increase in inequality and argue that they will likely result in expanding fiscal deficits and pressure on central banks to test the limits of growth.
-en-1266
[list_price] => 0.00000 [cost] => 0.00000 [sell_price] => 12.00000 [weight] => 300 [weight_units] => g [length] => 0 [width] => 0 [height] => 0 [length_units] => cm [pkg_qty] => 0 [default_qty] => 1 [unique_hash] => 214bb6caf9b4df608c9b6c598873a622 [ordering] => 0 [shippable] => 1 [tags] => Array ( ) [path] => book/dont-blame-globalisation-squeezing-middle-class [field_book_isbn] => Array ( [0] => Array ( [value] => [safe] => ) ) [field_price] => Array ( [0] => Array ( [value] => 12 ) ) [field_book_series] => Array ( [0] => Array ( [value] => 90 [safe] => 90 ) ) [field_book_number] => Array ( [0] => Array ( [value] => 121 [safe] => 121 [view] => 121 ) ) [field_book_short_title] => Array ( [0] => Array ( [value] => [safe] => [view] => ) ) [field_book_author_external] => Array ( [0] => Array ( [value] => Angel Ubide [safe] => Angel Ubide ) ) [field_book_old_path] => Array ( [0] => Array ( [value] => 1432 [safe] => 1432 ) ) [field_book_downloads] => Array ( [0] => Array ( [value] => 949 [safe] => 949 ) ) [field_book_pages] => Array ( [0] => Array ( [value] => 4 [view] => 4 ) ) [field_book_price_pdf] => Array ( [0] => Array ( [value] => 0.00 ) ) [field_book_published] => Array ( [0] => Array ( [value] => 2007-02-02 00:00:00 [timezone] => Europe/Brussels [timezone_db] => Europe/Brussels [date_type] => datetime ) ) [field_book_publication_date] => Array ( [0] => Array ( [value] => 2007-02-02T00:00:00 [timezone] => Europe/Brussels [timezone_db] => Europe/Brussels [date_type] => date [view] => 02 February 2007 ) ) [field_book_author] => Array ( [0] => Array ( [nid] => [view] => ) ) [field_image_cache] => Array ( [0] => ) [field_type] => Array ( [0] => Array ( [value] => BOOK [format] => [safe] =>BOOK
[view] => Printed book ) [1] => Array ( [value] => [format] => [safe] => [view] => ) [2] => Array ( [value] => [format] => [safe] => [view] => ) ) [print_display] => 1 [print_display_comment] => 0 [print_display_urllist] => 1 [signup] => 0 [uc_order_product_id] => [0] => [taxonomy] => Array ( [taxonomy_term_1] => Array ( [title] => Economic Policy [href] => taxonomy/term/1 [attributes] => Array ( [rel] => tag [title] => ) ) [taxonomy_term_90] => Array ( [title] => CEPS Policy Briefs [href] => catalog/90 [attributes] => Array ( [rel] => tag [title] => Present concise, policy-oriented analysis of topical issues in European affairs, with the aim of interjecting the views of CEPS researchers and external collaborators into the policy-making process in a direct and timely fashion. ) ) ) [files] => Array ( [1215] => stdClass Object ( [fid] => 1215 [uid] => 1 [filename] => 1432.pdf [filepath] => files/book/1432.pdf [filemime] => application/pdf [filesize] => 84815 [status] => 1 [timestamp] => 2009-09-14 15:06:03 [nid] => 1266 [vid] => 1266 [description] => 1432.pdf [list] => 1 [weight] => 0 ) ) [flatrate] => Array ( ) [shipping_type] => small_package [shipping_address] => stdClass Object ( [first_name] => Radoslav [last_name] => Minkov [company] => CEPS [street1] => place du Congres 1 [street2] => [city] => Brussels [zone] => 94 [postal_code] => 1000 [country] => 56 [phone] => ) [usps] => [weightquote] => Array ( ) [build_mode] => 0 [readmore] => 1 [content] =>
Date of publication:
02 February 2007
Pages:
4 Free download (pdf, 84.82 Kb)Dowloaded: 1082 times
Printed book:
€ 12.00
Globalisation is being blamed for the squeezing of the middle class and protectionism is being offered as a solution. This paper by Angel Ubide, Director of Global Economics at the Tudor Investment Corporation and an Associate CEPS Fellow, argues that the increase in inequality is a long-term trend resulting from a variety of factors, including the decline in manufacturing, the reduction in the progressivity of taxation and the steady increase in asset prices, and that globalisation has only had a marginal impact. Protectionism will not revert any of these trends. We discuss some policy options aimed at cushioning this increase in inequality and argue that they will likely result in expanding fiscal deficits and pressure on central banks to test the limits of growth.
€ 12.00
Date of publication:
02 February 2007
type:
Printed book
Number:
121
Pages:
4 | Attachment | Size | Hits | Last download |
|---|---|---|---|
| 1432.pdf | 82.83 KB | 1005 | 46 min 32 sec ago |
Globalisation is being blamed for the squeezing of the middle class and protectionism is being offered as a solution. This paper by Angel Ubide, Director of Global Economics at the Tudor Investment Corporation and an Associate CEPS Fellow, argues that the increase in inequality is a long-term trend resulting from a variety of factors, including the decline in manufacturing, the reduction in the progressivity of taxation and the steady increase in asset prices, and that globalisation has only had a marginal impact. Protectionism will not revert any of these trends. We discuss some policy options aimed at cushioning this increase in inequality and argue that they will likely result in expanding fiscal deficits and pressure on central banks to test the limits of growth.
-en-1266
[list_price] => 0.00000 [cost] => 0.00000 [sell_price] => 12.00000 [weight] => 300 [weight_units] => g [length] => 0 [width] => 0 [height] => 0 [length_units] => cm [pkg_qty] => 0 [default_qty] => 1 [unique_hash] => 214bb6caf9b4df608c9b6c598873a622 [ordering] => 0 [shippable] => 1 [tags] => Array ( ) [path] => book/dont-blame-globalisation-squeezing-middle-class [field_book_isbn] => Array ( [0] => Array ( [value] => [safe] => ) ) [field_price] => Array ( [0] => Array ( [value] => 12 ) ) [field_book_series] => Array ( [0] => Array ( [value] => 90 [safe] => 90 ) ) [field_book_number] => Array ( [0] => Array ( [value] => 121 [safe] => 121 [view] => 121 ) ) [field_book_short_title] => Array ( [0] => Array ( [value] => [safe] => [view] => ) ) [field_book_author_external] => Array ( [0] => Array ( [value] => Angel Ubide [safe] => Angel Ubide ) ) [field_book_old_path] => Array ( [0] => Array ( [value] => 1432 [safe] => 1432 ) ) [field_book_downloads] => Array ( [0] => Array ( [value] => 949 [safe] => 949 ) ) [field_book_pages] => Array ( [0] => Array ( [value] => 4 [view] => 4 ) ) [field_book_price_pdf] => Array ( [0] => Array ( [value] => 0.00 ) ) [field_book_published] => Array ( [0] => Array ( [value] => 2007-02-02 00:00:00 [timezone] => Europe/Brussels [timezone_db] => Europe/Brussels [date_type] => datetime ) ) [field_book_publication_date] => Array ( [0] => Array ( [value] => 2007-02-02T00:00:00 [timezone] => Europe/Brussels [timezone_db] => Europe/Brussels [date_type] => date [view] => 02 February 2007 ) ) [field_book_author] => Array ( [0] => Array ( [nid] => [view] => ) ) [field_image_cache] => Array ( [0] => ) [field_type] => Array ( [0] => Array ( [value] => BOOK [format] => [safe] =>BOOK
[view] => Printed book ) [1] => Array ( [value] => [format] => [safe] => [view] => ) [2] => Array ( [value] => [format] => [safe] => [view] => ) ) [print_display] => 1 [print_display_comment] => 0 [print_display_urllist] => 1 [signup] => 0 [uc_order_product_id] => [0] => [taxonomy] => Array ( [1] => stdClass Object ( [tid] => 1 [vid] => 3 [name] => Economic Policy [description] => [weight] => 2 ) [90] => stdClass Object ( [tid] => 90 [vid] => 4 [name] => CEPS Policy Briefs [description] => Present concise, policy-oriented analysis of topical issues in European affairs, with the aim of interjecting the views of CEPS researchers and external collaborators into the policy-making process in a direct and timely fashion. [weight] => 0 ) ) [files] => Array ( [1215] => stdClass Object ( [fid] => 1215 [uid] => 1 [filename] => 1432.pdf [filepath] => files/book/1432.pdf [filemime] => application/pdf [filesize] => 84815 [status] => 1 [timestamp] => 2009-09-14 15:06:03 [nid] => 1266 [vid] => 1266 [description] => 1432.pdf [list] => 1 [weight] => 0 ) ) [flatrate] => Array ( ) [shipping_type] => small_package [shipping_address] => stdClass Object ( [first_name] => Radoslav [last_name] => Minkov [company] => CEPS [street1] => place du Congres 1 [street2] => [city] => Brussels [zone] => 94 [postal_code] => 1000 [country] => 56 [phone] => ) [usps] => [weightquote] => Array ( ) [build_mode] => 0 [readmore] => 1 [content] => Array ( [print_links] => Array ( [#weight] => -101 [#value] => [#title] => [#description] => [#printed] => 1 ) [display_price] => Array ( [#weight] => -10 [#access] => 1 [#value] =>€ 12.00
[#title] =>
[#description] =>
[#printed] => 1
)
[field_book_short_title] => Array
(
[#type_name] => book
[#context] => full
[#field_name] => field_book_short_title
[#post_render] => Array
(
[0] => content_field_wrapper_post_render
)
[#weight] => -4
[field] => Array
(
[#description] =>
[items] => Array
(
[0] => Array
(
[#formatter] => default
[#node] => stdClass Object
*RECURSION*
[#type_name] => book
[#field_name] => field_book_short_title
[#weight] => 0
[#theme] => text_formatter_default
[#item] => Array
(
[value] =>
[safe] =>
[#delta] => 0
)
[#title] =>
[#description] =>
[#theme_used] => 1
[#printed] => 1
[#type] =>
[#value] =>
[#prefix] =>
[#suffix] =>
)
[#title] =>
[#description] =>
[#printed] => 1
)
[#single] => 1
[#attributes] => Array
(
)
[#required] =>
[#parents] => Array
(
)
[#tree] =>
[#context] => full
[#page] => 1
[#field_name] => field_book_short_title
[#title] => Short title
[#access] => 1
[#label_display] => inline
[#teaser] =>
[#node] => stdClass Object
*RECURSION*
[#type] => content_field
[#printed] => 1
)
[#title] =>
[#description] =>
[#printed] => 1
)
[field_book_author] => Array
(
[#type_name] => book
[#context] => full
[#field_name] => field_book_author
[#post_render] => Array
(
[0] => content_field_wrapper_post_render
)
[#weight] => -3
[field] => Array
(
[#description] =>
[items] => Array
(
[0] => Array
(
[#formatter] => default
[#node] => stdClass Object
*RECURSION*
[#type_name] => book
[#field_name] => field_book_author
[#weight] => 0
[#theme] => nodereference_formatter_default
[#item] => Array
(
[nid] =>
[#delta] => 0
)
[#title] =>
[#description] =>
[#theme_used] => 1
[#printed] => 1
[#type] =>
[#value] =>
[#prefix] =>
[#suffix] =>
)
[#title] =>
[#description] =>
[#printed] => 1
)
[#single] => 1
[#attributes] => Array
(
)
[#required] =>
[#parents] => Array
(
)
[#tree] =>
[#context] => full
[#page] => 1
[#field_name] => field_book_author
[#title] => CEPS Authors
[#access] => 1
[#label_display] => inline
[#teaser] =>
[#node] => stdClass Object
*RECURSION*
[#type] => content_field
[#printed] => 1
)
[#title] =>
[#description] =>
[#printed] => 1
)
[field_book_publication_date] => Array
(
[#type_name] => book
[#context] => full
[#field_name] => field_book_publication_date
[#post_render] => Array
(
[0] => content_field_wrapper_post_render
)
[#weight] => -1
[field] => Array
(
[#description] =>
[items] => Array
(
[0] => Array
(
[#formatter] => default
[#node] => stdClass Object
*RECURSION*
[#type_name] => book
[#field_name] => field_book_publication_date
[#weight] => 0
[#theme] => date_formatter_default
[#item] => Array
(
[value] => 2007-02-02T00:00:00
[timezone] => Europe/Brussels
[timezone_db] => Europe/Brussels
[date_type] => date
[#delta] => 0
)
[#title] =>
[#description] =>
[#theme_used] => 1
[#printed] => 1
[#type] =>
[#value] =>
[#prefix] =>
[#suffix] =>
[#children] => 02 February 2007
)
[#title] =>
[#description] =>
[#children] => 02 February 2007
[#printed] => 1
)
[#single] => 1
[#attributes] => Array
(
)
[#required] =>
[#parents] => Array
(
)
[#tree] =>
[#context] => full
[#page] => 1
[#field_name] => field_book_publication_date
[#title] => Date of publication
[#access] => 1
[#label_display] => inline
[#teaser] =>
[#node] => stdClass Object
*RECURSION*
[#type] => content_field
[#children] => 02 February 2007
[#printed] => 1
)
[#title] =>
[#description] =>
[#children] =>
Date of publication:
02 February 2007 SKU: <p>-en-1266</p>
[#access] => 0
[#weight] => 0
)
[#pre_render] => Array
(
[0] => content_alter_extra_weights
)
[#content_extra_fields] => Array
(
[title] => Array
(
[label] => Title
[description] => Node module form.
[weight] => -5
)
[body_field] => Array
(
[label] => Description
[description] => Node module form.
[weight] => 9
)
[revision_information] => Array
(
[label] => Revision information
[description] => Node module form.
[weight] => 19
)
[comment_settings] => Array
(
[label] => Comment settings
[description] => Comment module form.
[weight] => 20
)
[menu] => Array
(
[label] => Menu settings
[description] => Menu module form.
[weight] => 18
)
[taxonomy] => Array
(
[label] => Taxonomy
[description] => Taxonomy module form.
[weight] => 5
)
[path] => Array
(
[label] => Path settings
[description] => Path module form.
[weight] => 21
)
[attachments] => Array
(
[label] => File attachments
[description] => Upload module form.
[weight] => 6
[view] => files
)
[print] => Array
(
[label] => Printer, e-mail and PDF versions
[description] => Print module form.
[weight] => 17
)
[shipping] => Array
(
[label] => Shipping
[description] => Shipping settings form.
[weight] => 8
)
[base] => Array
(
[label] => Product information
[description] => Product module form.
[weight] => 7
)
[body] => Array
(
[label] => Description
[description] => Node description. (View tab)
[weight] => 10
)
)
[field_type] => Array
(
[#type_name] => book
[#context] => full
[#field_name] => field_type
[#post_render] => Array
(
[0] => content_field_wrapper_post_render
)
[#weight] => 2
[field] => Array
(
[#description] =>
[items] => Array
(
[0] => Array
(
[#formatter] => default
[#node] => stdClass Object
*RECURSION*
[#type_name] => book
[#field_name] => field_type
[#weight] => 0
[#theme] => text_formatter_default
[#item] => Array
(
[value] => BOOK
[format] =>
[safe] => BOOK
[#delta] => 0 ) [#title] => [#description] => [#theme_used] => 1 [#printed] => 1 [#type] => [#value] => [#prefix] => [#suffix] => [#children] => Printed book ) [1] => Array ( [#formatter] => default [#node] => stdClass Object *RECURSION* [#type_name] => book [#field_name] => field_type [#weight] => 1 [#theme] => text_formatter_default [#item] => Array ( [value] => [format] => [safe] => [#delta] => 1 ) [#title] => [#description] => [#theme_used] => 1 [#printed] => 1 [#type] => [#value] => [#prefix] => [#suffix] => ) [2] => Array ( [#formatter] => default [#node] => stdClass Object *RECURSION* [#type_name] => book [#field_name] => field_type [#weight] => 2 [#theme] => text_formatter_default [#item] => Array ( [value] => [format] => [safe] => [#delta] => 2 ) [#title] => [#description] => [#theme_used] => 1 [#printed] => 1 [#type] => [#value] => [#prefix] => [#suffix] => ) [#title] => [#description] => [#children] => Printed book [#printed] => 1 ) [#single] => 1 [#attributes] => Array ( ) [#required] => [#parents] => Array ( ) [#tree] => [#context] => full [#page] => 1 [#field_name] => field_type [#title] => type [#access] => 1 [#label_display] => inline [#teaser] => [#node] => stdClass Object *RECURSION* [#type] => content_field [#children] => Printed book [#printed] => 1 ) [#title] => [#description] => [#children] =>
type:
Printed book List Price: € 0.00
[#access] => 0
[#weight] => 2
)
[cost] => Array
(
[#value] => Cost: € 0.00
[#access] =>
[#weight] => 3
)
[field_book_number] => Array
(
[#type_name] => book
[#context] => full
[#field_name] => field_book_number
[#post_render] => Array
(
[0] => content_field_wrapper_post_render
)
[#weight] => 3
[field] => Array
(
[#description] =>
[items] => Array
(
[0] => Array
(
[#formatter] => default
[#node] => stdClass Object
*RECURSION*
[#type_name] => book
[#field_name] => field_book_number
[#weight] => 0
[#theme] => text_formatter_default
[#item] => Array
(
[value] => 121
[safe] => 121
[#delta] => 0
)
[#title] =>
[#description] =>
[#theme_used] => 1
[#printed] => 1
[#type] =>
[#value] =>
[#prefix] =>
[#suffix] =>
[#children] => 121
)
[#title] =>
[#description] =>
[#children] => 121
[#printed] => 1
)
[#single] => 1
[#attributes] => Array
(
)
[#required] =>
[#parents] => Array
(
)
[#tree] =>
[#context] => full
[#page] => 1
[#field_name] => field_book_number
[#title] => Number
[#access] => 1
[#label_display] => inline
[#teaser] =>
[#node] => stdClass Object
*RECURSION*
[#type] => content_field
[#children] => 121
[#printed] => 1
)
[#title] =>
[#description] =>
[#children] =>
Number:
121
Pages:
4 Price: € 12.00
[#access] => 0
[#weight] => 4
)
[weight] => Array
(
[#value] => Weight: 300 g
[#access] => 0
[#weight] => 5
)
[files] => Array
(
[#weight] => 6
[#value] => | Attachment | Size |
|---|---|
| 1432.pdf | 82.83 KB |
Dimensions: 0 cm × 0 cm × 0 cm
[#access] => 0
[#weight] => 6
)
[add_to_cart] => Array
(
[#weight] => 10
[#access] => 1
[#value] => Globalisation is being blamed for the squeezing of the middle class and protectionism is being offered as a solution. This paper by Angel Ubide, Director of Global Economics at the Tudor Investment Corporation and an Associate CEPS Fellow, argues that the increase in inequality is a long-term trend resulting from a variety of factors, including the decline in manufacturing, the reduction in the progressivity of taxation and the steady increase in asset prices, and that globalisation has only had a marginal impact. Protectionism will not revert any of these trends. We discuss some policy options aimed at cushioning this increase in inequality and argue that they will likely result in expanding fiscal deficits and pressure on central banks to test the limits of growth.
€ 12.00
Date of publication:
02 February 2007
type:
Printed book
Number:
121
Pages:
4 | Attachment | Size |
|---|---|
| 1432.pdf | 82.83 KB |
Globalisation is being blamed for the squeezing of the middle class and protectionism is being offered as a solution. This paper by Angel Ubide, Director of Global Economics at the Tudor Investment Corporation and an Associate CEPS Fellow, argues that the increase in inequality is a long-term trend resulting from a variety of factors, including the decline in manufacturing, the reduction in the progressivity of taxation and the steady increase in asset prices, and that globalisation has only had a marginal impact. Protectionism will not revert any of these trends. We discuss some policy options aimed at cushioning this increase in inequality and argue that they will likely result in expanding fiscal deficits and pressure on central banks to test the limits of growth.
Date of publication:
02 February 2007
type:
Printed book
Number:
121
Pages:
4 Related Publications
- Towards a Euro(pean) Monetary Fund
- The Taxation of Multinational Enterprises in the European Union
- Greek burdens ensure some Pigs won't fly
- Too interconnected to fail = too big to fail: What’s in a leverage ratio?
- Lessons for Europe from the 1930s
- The Impact of the Crisis on the Real Economy
- For a Future Sustainable, Competitive and Greener EU Budget: Integrating the Climate Change Objectives
- The Dilemma of the Dollar
- The long shadow of the wall on Europe’s economy
- Who can be trusted after the financial crisis?
Related Articles
- Is Social Europe fit for Globalisation?
- Sustainable competitiveness? Balancing the need for a green economy with economic growth
- Assessing Globalisation: What do China and India mean for the EU and the US?
- Lisbon II, Two Years on: An Assessment of the Partnership for Growth and Jobs
- Competitiveness, Energy and the Environment - An Overview of the work of the High Level Group