Author(s): Pang Sheng
Fiscal policy, the use of government spending and taxation to influence economic activity, faces unique challenges and opportunities in an increasingly globalized world. This paper examines the complexities of fiscal policy in the context of globalization, exploring the interplay between domestic policy objectives and international economic dynamics. Through a comprehensive analysis, we investigate the challenges posed by cross-border capital flows, trade interdependencies, and multinational taxation issues, as well as the opportunities for leveraging fiscal policy to promote global economic stability and sustainable development. By shedding light on these challenges and opportunities, this study aims to inform policymakers and stakeholders about the complexities of fiscal policy in a globalized environment and provide insights into crafting effective strategies for navigating the intricacies of the global economy.