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Answer:
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.
Explanation:
➽ʙʀᴀɪɴʟɪᴇsᴛ➽
• Perfect Answer=ʙʀᴀɪɴʟɪᴇsᴛ
• ᴄᴏʀʀᴇᴄᴛ Answer =ʙʀᴀɪɴʟɪᴇsᴛ
• ᴄᴏᴍᴘlᴇte Answer=ʙʀᴀɪɴʟɪᴇsᴛ