A Policy response to a downside of the integration of economies: An impossibility theorem
Publication year
Resource type
UNCCD Library
Material Type
ebook
ISSN
1436-9931
Recent research shows that the merger of economies increases aggregate stress. This paper shows that there is no income distribution policy which will ensure that the wellbeing of the individuals belonging to merging economies does not fall below their pre-merger level.
Keywords
policy instruments
socio - economic obstacles
merged populations
societal stress
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