Recently, resistance to the - presumed and actual - consequences of globalization in both developed and developing countries has gained momentum. While the arguments raised against globalization often lack economic substance, it will probably only prevail if a broad majority of the population can be convinced that closer worldwide integration does serve their interests. This can hardly be achieved without a convincing strategy for compensating the potential losers of globalization, given that globalization tends to reduce the national states' leeway for taxation and redistribute measures through social policies.
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