Construct · 1 fields · 1 citations

compensation hypothesis of globalization: a standalone construct

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International political economy

the finding that more open economies have larger governments because public spending insures citizens against external risk.

In international political economy, compensation hypothesis of globalization refers to the finding that more open economies have larger governments because public spending insures citizens against external risk. This meaning comes from Rodrik (1998) in Journal of Political Economy.[1]

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Nearby constructs

compensation2 fields · 2 citationsjingle · one word, two constructs hypothesis2 fields · 2 citationsjingle · one word, two constructs risk6 fields · 13 citationsjingle · one name, six constructs

References

Rodrik, D. (1998). Why do More Open Economies Have Bigger Governments? Journal of Political Economy, 106(5), 997-1032. https://doi.org/10.1086/250038

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