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Cover IMF Working Papers
The Demise of the Nation State?
Mr. Vito Tanzi
The globalization of economic activities that is characterizing many economies raises questions about the future of the nation state. This paper discusses this trend and shows that cross-frontiers spillovers have become more frequent and have increased the need for international agreements and international organizations to deal with them. It concludes that a continuation of current trends would increase the importance of subnational government while reducing (in the economic sphere) the importance of national governments.
Keywords:
WP; government; country; world government; border authorities; local government; globalization; spillovers; government role; fiscal federalism; government failure; national government; government's action; Social security contributions; Global; East Asia