Moderating spillovers from the advanced economies during the Great Moderation, the global information technology revolution, the influx of skilled immigrants from the former Soviet Union, the gradual buildup of robust and well-regulated financial institutions over decades after the...

Why different national governments have different policies regarding globalization? This is an important research topic of government and economics. In the paper, I analyze how different income groups have different attitudes towards globalization; and how such attitudes shape government policy....