The New Systems Competition

Competition between companies tends to be beneficial, but is this true for competition between States in a world with global financial markets, low transport costs, and increasing migration? Sinn compares systems competition between private companies and systems competition between States. Competition between companies tends to be beneficial for the general public, but is this also true for the competition between states in a world with global financial markets, low transport costs, and increasing migration? In this book, Sinn provides a solid economic analysis of the competitive forces at work and addresses how they affect public goods provision, income redistribution, environmental policy, safety standards, banking regulation and even competition policy itself. Identifying the deficiencies of the competition between systems, the author develops a number of correcting policy measures ranging from specific harmonization proposals to rules that would help make competition work. Competition between companies tends to be beneficial for the general public, but is this also true for competition between States in a world with global financial markets, low transport costs, and increasing migration? In this book, Sinn provides a solid economic analysis of the competitive forces at work and addresses how we should organize competition between systems so they will enhance the efficiency of these systems, as opposed to acting destructively on them. Provides a thorough economic analysis of the competitive forces at work between nations and governments. Analyzes a wide range of state activities, including taxation, public goods provision, income redistribution, environmental policy, safety standards, and competition policy. Addresses ways to organize competition so it will enhance the efficiency of these systems.