Trouble for Workers and the Poor: Economic Globalization and the Reshaping of American Politics
In recent decades in the United States, even as inequalities of income and wealth have greatly increased, redistributive programs have tended to be curtailed. In some cases, government policies have begun to exacerbate, rather than moderate, inequality. Since this has occurred not only under the Republican Reagan and Bush administrations, but also in the Democratic Carter and Clinton administrations, it suggests that the politics of redistribution may have been fundamentally transformed. Moreover, evidence from aborad indicates that there has been a shift away from redistributive policies throughout the advanced industrial world. The implications of this trend and the prognosis for the future depend upon its precise political causes. To the extent that it has resulted from changes in contingent political forces -- especially increases in the political power of capital and concomitant losses of power by labor, together with much stronger anti-redistributive stands by business -- one can imagine a revival of redistribution, based on increased organization, mobilization, and political struggle by working people and the poor. Some signs of such struggle have in fact appeared. To the extent that the trend is structural, however -- based on changed technology and such international economic factors as lower trade barriers, extensive immigration, lower transportation and communication costs, and increased capital mobility -- the heightened power of capital and weakness of labor are likely to persist for a long time to come. Moreover, economic globalization may be making it more and more difficult for governments to redistribute income without counterproductive effects such as capital flight, loss of export competitiveness, and increased immigration of low-income people. Thus economic globalization may gravely impair, or even eliminate, the capacity -- as well as the will -- of nation-states to redistribute income or wealth within their boundaries. If this is so, remedies will be hard to come by. The logic of economic globalization implies that only global remedies will work. It is possible that only worldwide organization by workers, or universally applicable treaties and agreements, could effectively check (let alone reverse) increases in income inequality in advanced industrial countries. But such solutions would arouse intense political opposition and would probably face conflicts of interest between workers in rich and poor countries.
Trade Openness, Capital Openness and Government Size
ABSTRACT This paper provides empirical evidence of the relation between trade openness, capital openness and government expenditures in a cross-sectional time-series context. It is shown that capital openness is significantly and negatively related to government expenditures in line with the conventional wisdom that capital mobility may undermine the ability of governments to maintain larger public sectors. More importantly, the compensation hypothesis originally proposed by Rodrik (1998) and traceable back to Cameron (1978) is not in general supported by the data.
Anomalous Annealing Behavior of Arsenic Implanted Silicon as a Function of Dose and Energy
Anomalous annealing behavior of damage in As implanted Si has been investigated by channeling effect measurements. Room temperature As implants with doses from 1014 to 2 × 1016cm-2 at energies ranging from 50 to 250 keV into Si were annealed over the range of 600°C to 1100°C. Anneal temperatures ≥ 950°C reduce the disorder for ion doses of 0.5 to 1 × 1016 cm-2 at energies between 50 and 250 keV. Anomalously high residual disorder was found for the intermediate doses of 2 × 1014 to 2 × 10/cm2 implanted above 100 keV. For this intermediate dose, annealing of implants performed at liquid nitrogen temperatures did not show significant reduction in this damage. However implants at 200° to 300°C indicate a lower amount of damage compared to the room temperature implants.