Today we’ve published two new essays for Cato’s Defending Globalization project:
Competing for Capital: Tax Competition and Globalization, by Adam N. Michel, explains that international tax competition has not resulted in a race to the bottom in tax rates. Tax competition has allowed countries to simultaneously reduce corporate tax rates, benefit from increased investment, and collect higher corporate tax revenues.
The Globalization of Ideas Enriches the World, by James Bacchus, discusses the often‐overlooked part of globalization that is the spread of ideas that accompanies trade. The global sharing of information has produced immense benefits for humanity and fueled modern abundance.
As a reminder, we also recently posted a video featuring Lawrence H. Summers, former US secretary of the treasury.
Make sure to check out the 23 other essays that have been published, as well as other multimedia features, on the main Defending Globalization project page.