Egalitarian redistribution in the era of hyper-globalization

Grimalda, Gianluca; Trannoy, Alain; Filgueira, Fernandro; Moene, Karl Ove

doi:10.1080/00346764.2020.1714072

Cited by 9 publications

(5 citation statements)

References 78 publications

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“…For example, the benefits from globalization are not guaranteed to be widely and fairly shared [ 1 ]. Some commentators even claim that globalization and new technology constrain the policies that countries can carry out to secure broad social progress [ 2 , 3 , 4 ].…”

Section: Introductionmentioning

confidence: 99%

“…It is also well documented that these factors are vital for public health and well-being [ 10 , 11 ]. Although the Nordic societal model has delivered good results along many dimensions, many observers question whether the model is robust in the face of globalization and the rapid increase in cross-border movement of goods and services, capital, and people [ 3 , 4 , 12 ]. Mechanisms discussed in the literature include immigration potentially leading to reduced public support for welfare state redistribution policies, a race to the bottom in taxation creating difficulty in funding a comprehensive welfare state, and increased internationalization of the labor market putting job security and working conditions under pressure.…”

Section: Introductionmentioning

confidence: 99%

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Globalization, Work, and Health: A Nordic Perspective

Torp

Reiersen

2020

IJERPH

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The Nordic countries are among the world’s leading countries in international rankings on prosperity, productivity, social equity, trust, and health. Such positive results may be linked to how these countries have organized their working life. The aim of this article is to describe core elements of the Nordic working life model (emphasizing Norway) and discuss how globalization may challenge the model, and thereby influence public health. Based on an extensive review of relevant research, we show that the Nordic working life model with a coordinated wage bargaining system between well-organized employers and employees results in productive enterprises, small wage differences, good working environments, and a high level of well-being. Global trends of liberalization of working life, increased labor migration, the platform economy, reduced unionization, and more precarious work challenge the Nordic working life model and its reliance on standard working contracts. Such a trend may result in increased inequity, reduced generalized trust, and poorer public health. Politicians and other stakeholders in the Nordic countries should cope appropriately with globalization and technological changes so that the Nordic countries will uphold their well-organized working life and good societal achievements.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Globalization, Work, and Health: A Nordic Perspective

Torp

Reiersen

2020

IJERPH

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“…This protectionist turn may appear difficult to explain in terms of hyper-globalization; while governments may wish to mitigate its costs, the range of pertinent policy tools at their disposal may be limited (Grimalda et al, 2020). Although reshoring may indeed help cost cutting by reducing the time to market and making for greater efficiencies (Pereira et al, 2019), Pegoraro et al, (2020) made the case that protectionism, trade wars, and national interests do not automatically lead to reshoring if the benefits of offshore outsourcing are justified either technically or fiscally.…”

Section: Protectionism Reshoring and Mnesmentioning

confidence: 99%

How Does Protectionism Impact Multinational Firm Reshoring? Evidence from the UK

Temouri,

Pereira,

Delis

et al. 2023

Manag Int Rev

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There is growing interest in the nature and possible extent of de-globalization. This paper explores the impact that protectionist measures have on multinational enterprise (MNE) reshoring back to the UK. Besides taking into account the global trends indicating a return to protectionism, the existing literature highlights various firm-level and structural country-level determinants of reshoring decisions. We test a conceptual model with parent-subsidiary firm-level data for the period 2009 to 2017. We conclude that firms that are more sensitive to wage costs in their overseas subsidiaries were more likely to reshore. We did not find that more capital-intensive firms had a higher propensity to reshore. We find that our results are mostly driven from UK MNEs with subsidiaries in EU. This result has clear implications for a potential Brexit effect. Theoretically, we base our findings in transactional cost economics to help explain why different types of firms behave in the way they do, and why different types of firms may respond in quite different ways to the same mix of institutions.

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“…Additionally, concerning the important issue of productivity, Nordic companies have taken advantage of globalization and increased their production in order to remain competitive in international markets; on average, their productivity is currently higher than U.S. companies [31].…”

Section: Globalizationmentioning

confidence: 99%

Is the Aurora Borealis an Inspiration to the Performance of Nordic Economic Sustainability?

Nogueira

Madaleno

2021

Sustainability

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The Nordic countries are well positioned in the main international economic, social, and sustainability indices, and the scientific literature that supports these indices argues that a rise in these rankings promotes economic growth. With this unprecedented empirical study, we intended to assess whether, in the case of the Nordic countries, the long term maintenance of high positions translates into sustainable economic growth. The period considered was between 2004 and 2008, and we used the ARDL methodology to assess time series. The ARDL methodology has the advantage of providing us with short and long term coefficients. Using five of the leading international indices, we conclude that, for the Nordic countries, economic freedom is not important for economic growth, while business friendly regulation is the most important variable. Three important findings of our study (in which Granger causality complemented the ARDL methodology) are that these countries were able to adapt perfectly to the globalization process, entrepreneurship makes an important contribution to the continued economic and social success of these countries (allowing them to continue to enjoy their “Nordic welfare states” in these uncertain times), and corruption harms the Nordic economy. These variables have contributed to the countries’ economic and social sustainability.

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Egalitarian redistribution in the era of hyper-globalization

Cited by 9 publications

References 78 publications

Globalization, Work, and Health: A Nordic Perspective

Globalization, Work, and Health: A Nordic Perspective

How Does Protectionism Impact Multinational Firm Reshoring? Evidence from the UK

Is the Aurora Borealis an Inspiration to the Performance of Nordic Economic Sustainability?

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