How does globalization affect economic redistribution in Central and Eastern Europe?

In a new @cps_journal article, Aleksandra Sznajder Lee and I find that, despite the constraints it places on policymakers, globalization has not led to lower economic redistribution in CEE. A🧵 (Economic redistribution captures the extent to which governments reduce differences in income levels through taxes and transfers.)

Link to the article: journals.sagepub.com/doi/10.1177/00…

Happy to see this paper with @thoatley published in Socio-Economic Review. Building on the literature on the exorbitant privilege, we explore the drivers of American #financialization. The US financial sector almost doubled in size between 1980 and 2005. 1/n Few other industrial democracies witnessed a similar increase in the value added by finance. Financial intermediation did not rise everywhere. Rather, it shrank in some countries, grew moderately in others, and expanded significantly in CA, AUL, IRL, the UK, & the US. 2/n

Happy to see this article with Evelyne Huber and John D. Stephens published in RIPE (@RIPEJournal). Focusing on 18 post-industrial democracies between 1960 and 2015, we re-examine the relationship bn #financialization and economic #inequality. (1/n) bit.ly/31xCwth We make 3 theoretical contributions. First, we identify which aspects of fin sector growth can increase inequality. We posit the shareholder value model of corporate governance (SVM) and the financialization of non-financial firms (FNF) can exacerbate income differentials. (2/n)