The Economics of Globalization

Introduction Assaf Razin and Effraim Sadka; Part I. International Mobility of Technology: 1. R and D and productivity: the international connection Elhanan Helpman; Part II. Capital Flows and Exchange Rate Misalignment: 2. International implications of German unification Hans-Werner Sinn; 3. Real exchange rate misalignment and growth Ofair Razin and Susan M. Collins; Part III. The Incentives and Patterns of Capital Flows: 4. A pecking order of capital inflows and international tax principles Assaf Razin, Efraim Sadka, and Chi-Wa Yuen; 5. Transfer pricing as a strategic device for decentralized multinationals Guttorm Schjelderup and Lars Sorgard; Part IV. Limits to Income Redistribution in Federal Systems: 6. Income redistribution in an economic union: the tradeoff between inter- and international redistribution Helmuth Cremer and Pierre Pestieau; 7. Federal insurance of US states: an empirical investigation Bent E. Sorensen and Oved Yosha; Part V. Tax Harmonization, Tax Co-ordination, and the 'Disappearing Taxpayer': 8. Is there a need for a world tax organization? Vito Tanzi; 9. Taxation, financial innovation, and integrated financial markets: some implications for tax coordination in the European Union Julian S. Alworth; 10. Can international commodity tax harmonization be Pareto-improved when governments supply Public Goods? Ben Lockwood; 11. Fiscal separation with economic integration: Israel and the Palestinian authority Ephraim Kleiman; Part VI. Political Economy Aspects of International Tax Competition: 12. Factor taxation, income distribution, and capital market integration Andreas Haufler; 13. Interjurisdictional tax competition: a political economy perspective Carlo Perroni and Kimberley Scharf; Part VII. Migration of Skilled and Unskilled Labor: 14. Economic integration, factor mobility, and wage convergence Gilles Saint-Paul; 15. Human capital formation, asymmetric information, and the dynamics of international migration Nancy H. Chau and Oded Stark; Part VIII. Fiscal Aspects of Monetary Unification: 16. The interaction of fiscal and monetary policy in a monetary union: balancing credibility and flexibility Roel M. W. J. Beetsma and A. Lans Bovenberg.