Economics, Econometrics and Finance
4 years ago

Trade expansion reshapes governance structures to meet public goods demands.

3 views
Economica
Trade as an Engine of Political Change: A Parable
Alessandra Casella

Paper Summary

Trade can lead to changes in how public goods are provided. As trade increases, the demand for public goods changes, affecting how they are managed. A study shows that as markets grow, the need for the right public goods becomes more important. This can lead to a federal system being the best way to provide these goods.

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