Question

brief reaction:
globalization restrains governments by including increased budgetary pressure

Answer 1

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According to the disciplining hypothesis, globalization restrains governments by inducing increased budgetary pressure. As a consequence, governments shift their expenditures in favour of transfers and subsidies and away from capital expenditures.

Answer 2

Answer:

As a consequence, governments shift their expenditures in favour of transfers and subsidies and away from capital expenditures.