Trade, Social Insurance, and the Limits to Globalization

International economic integration increases exposure to external risk and intensifies domestic demands for social insurance through government programs. But international economic integration also reduces the ability of governments to respond to such pressure by rendering the tax base footloose.国际经济一体化会提升经济体对外部风险的暴露程度，同时加剧国内民众对政府主导的社会保障项目的需求。但与此同时，国际经济一体化会因税基流动性增强，削弱政府应对此类需求压力的能力。