Nguyen Thi Ngoc Nga; Nguyen Ngoc Thach - In: Cogent economics & finance 12 (2024) 1, pp. 1-14
Previous research on the globalization-welfare state nexus has typically been conducted within a linear monotonic framework, focusing on two primary hypotheses. The efficiency hypothesis predicts that globalization shrinks the welfare state's size. In contrast, the compensation hypothesis argues...