The Fiscal Constitutionalism Theory Facing the Global...

In the 2008 a profound financial crisis has shaken the world economies and caused recession with bad growth prospects. This, with provoking high unemployment rates and welfare losses, has also shed a light on the weaknesses of the modern States. The markets, as underlined by the crisis, are globalized and the policies are no longer a National matter. The financial crisis have been followed by a more circumscribed and still sound sovereign debt crisis in the Euro area countries. The first relevant consequences has been that economies growth has slowed down, thus creating imbalances in national public finances. Nevertheless, the globalization have stressed that the provision of goods is becoming a complicate issue with the natural aging of the population and the losses of revenues deriving by the possibility to contracting on distances and establishing the company seat in low taxes jurisdictions. Another major issue is whether the increasing difficulties encountered by the States in administering their own revenues are gradually leading the States in forced choices to preserve their sovereignty. This could be the adoption of a common set of rules or the set of different state form, as for the federation. Each of this solution entails a partially loss of sovereignty. In the first case the sovereignty is loss in favor of supranational entities and are negotiated with other States. In the second case the loss of sovereignty is primarily in favor of the citizen1 There is,Show MoreRelatedComparative Study of Quality of Work Life Management in Tcs Ibm: a Case Study Analysis14194 Words   |  57 PagesConditions in the work environment must be created by the employer which will give freedom to all the employees and free from fear of losing their jobs. A system must be created in such away which creates healthy working conditions with optimum financial security.   Alternative Work Schedules: With a view to tackle job boredom, modern organizations have been experimenting with several forms of alternate work schedules such as four-day work week, flexi-time and  part-time work. Compressed work weekRead MoreInstitution as the Fundamental Cause of Long Tern Growth39832 Words   |  160 Pagessaving rates (Solow), preferences (Cass-Koopmans), or other exogenous parameters, such as total factor productivity growth. More recent incarnations of growth theory, following Romer (1986) and Lucas (1988), endogenize steady-state growth and technical progress, but their explanation for income diï ¬â‚¬erences is similar to that of the older theories. For instance, in the model of Romer (1990), a country may be more prosperous than another if it allocates more resources to innovation, but what determinesRead MoreNational Security Outline Essay40741 Words   |  163 PagesFourth and Fifth Amendments 73 R. J. Rummel, â€Å"Power Kills; Absolute Power Kills Absolutely (Oct. 1991) 77 A. Theories of Confidence-Building Measures 79 J.N. Moore, Law and the Indochina War 81 Henkin, Is there a ‘Political Question’ Doctrine? 82 STANDING 83 JNM, SOLVING THE WAR PUZZLE, September 11th Its Aftermath: Terrorism, Afghanistan, The Iraq War 84 Incentive Theory Terrorism 84 Low Intensity Conflict and the International Legal System, JNM 89 Recommendations for Strengthening