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The New Systems Competition / Hans-Werner Sinn.
Author
Sinn, Hans-Werner
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Format
Book
Language
English
Published/​Created
Cambridge, MA : National Bureau of Economic Research, 2002.
Description
1 online resource (24 pages) : illustrations.
Details
Subject(s)
Competition, International
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Competition
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Government competition
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Capitalism
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Globalization
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Emigration and immigration
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Industrial location
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Labor mobility
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Series
Working paper series (National Bureau of Economic Research) ; Number 8747.
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Summary note
While the old systems competition took place with closed borders, globalisation has brought about a new type of systems competition that is driven by the mobility of factors of production. The new systems competition will likely imply the erosion of the European welfare state, induce a race to the bottom in the sense that capital will not even pay for the infrastructure it uses and erode national regulatory systems. In general, it will suffer from the same type of market failure which induced the respective government activity in the first place. The new systems competition will force inefficient governments to seek national efficiency, but national efficiency does not imply that systems competition will itself be efficient.
Source of description
Description based on publisher supplied metadata and other sources.
Statement on responsible collection description
Princeton University Library aims to describe library materials in a manner that is respectful to the individuals and communities who create, use, and are represented in the collections we manage.
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