## Metadata - Author: [[Peter Dietsch]] - Full Title: Catching Capital - Category: #books ## Highlights - Capital is mobile globally, whereas politics has remained largely local. If ‘globalization’ tends to be a vague and slippery term, one of its very tangible and precise aspects is the continuing trend towards capital mobility. By contrast, the governance of the increasingly global economy still by and large lies in the hands of nation-states. ([Location 144](https://readwise.io/to_kindle?action=open&asin=B00ZAQMCTG&location=144)) - Tags: [[blue]] - Some states design their fiscal policy in order to attract, or to ‘catch,’ capital from abroad. In fact, tax competition has become one of the principal policy variables employed by governments to shore up the ‘competitiveness’ of their economy3—to attract capital and the jobs, as well as the economic growth this capital brings in its wake. ([Location 158](https://readwise.io/to_kindle?action=open&asin=B00ZAQMCTG&location=158)) - Tags: [[blue]]