"First published 1999, this digitally printed version 2008" -- Verso title page. "Essays based on lectures delivered at the 1996 Congress of the International Institute of Public Finance" -- Back cover. Includes bibliographical references and indexes.

I. International mobility of technology -- II. Capital flows and exchange-rate misalignment -- III. Tax incentives and patterns of capital flows -- IV. Limits to income redistribution in federal systems -- V. Tax harmonization, tax coordination, and the "disappearing taxpayer" -- VI. Political-economy aspects of international tax competition -- VII. Migration of skilled and unskilled labor -- VIII. Fiscal aspects of monetary unification.

The growing economic openness expressed in the globalization of independent economic systems has created problems as well as opportunities that cross formal borders in new and unexpected ways. Professors Razin and Sadka have compiled a series of papers based on lectures delivered before the 1996 Congress of the International Institute of Public Finance, which explore these issues in selected areas of public finance. The subjects covered range from the consequences of research and development to the redistribution of income and from taxation of multinationals and labor migration to European currency integration.