Globalization and Social Equity

  • Ferruccio Marzano
Conference paper


When dealing with problems of “Globalization and social equity”, first let us make reference to the case of Europe. In terms of goals of economic policy, we can identify five (or six) objectives in comparison with at least five (or six) instruments of intervention. As for objectives, we usually have: the full utilization of labour; the real growth of the economy; monetary (and exchange rate) stability; the respect of balance in foreign payments; the fulfillment of social security (or social protection). As for instruments, we may have: fiscal policy; monetary (and exchange rate) policy; incomes policy; productivity policy (or the supply-side policies); the regulation of the labour market; measures of protection in the field of the so-called “rights of social citizenship” (which has given shape to the Welfare State or social security system).


Labour Market Fiscal Policy Financial Asset Social Protection Social Equity 
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Copyright information

© Springer-Verlag Berlin Heidelberg 2001

Authors and Affiliations

  • Ferruccio Marzano

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