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006    m     o  d
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008    231116s2002    maua    o     000 0 eng d
035    (NBER)w8747
035    (CKB)4920000003035720
035    (NjHacI)994920000003035720
035    (EXLCZ)994920000003035720
040    NjHacI |beng |erda |cNjHacl
050  4 HF1414 |b.S566 2002
082 04 338.6048 |223
100 1  Sinn, Hans-Werner, |eauthor.
245 14 The New Systems Competition / |cHans-Werner Sinn.
264  1 Cambridge, MA : |bNational Bureau of Economic Research, |c2002.
300    1 online resource (24 pages) : |billustrations.
336    text |btxt |2rdacontent
337    computer |bc |2rdamedia
338    online resource |bcr |2rdacarrier
490 1  Working paper series (National Bureau of Economic Research) ; |vNumber 8747
588    Description based on publisher supplied metadata and other sources.
520    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.
650  0 Competition, International.
650  0 Competition.
650  0 Government competition.
650  0 Capitalism.
650  0 Globalization.
650  0 Emigration and immigration.
650  0 Industrial location.
650  0 Labor mobility.
830  0 Working paper series (National Bureau of Economic Research) ; |vNumber 8747.
906    BOOK