DocumentCode :
2289641
Title :
Competition and the effective evolution of economic systems
Author :
Cheng, Cheng-Ping ; Xia, Xiao-Hui ; Liu, Su-Chun
Author_Institution :
Sch. of Econ. & Manage., Wuhan Univ., Wuhan, China
fYear :
2009
fDate :
14-16 Sept. 2009
Firstpage :
968
Lastpage :
973
Abstract :
As public goods, economic systems have also the characteristics of private goods. The lack of competition will result in people´s unsatisfaction with their supply. For economic systems, competition can reduce their supply costs, improve their effectiveness, and motive their effective evolution. Competition takes place between countries and among domestic political interest groups. The two types of competition can work together to promote the evolution of effective economic systems. A key conclusion is that system of public goods, as well as private goods, must be competitive for the maximize social welfare. Competition can be divided into competition among domestic political interest groups and competition between countries. The impact of competition between countries on economic system changes is lower than among domestic political interest groups, because the movement of factors of production is much easier among domestic regions than between countries. If these two competitions are combined, its impact on economic system changes is greater. Therefore, setting up economic competition between regions is beneficial for the effective evolution of a country´s economic systems.
Keywords :
cost reduction; goods distribution; macroeconomics; socio-economic effects; countries competition; country economic system; domestic political interest group; domestic region; economic competition; people unsatisfaction; private goods supply; public goods supply; social welfare maximization; supply cost reduction; Conference management; Costs; Cultural differences; Engineering management; Game theory; History; Power generation economics; Power system economics; Production systems; Protection; competition between countries; domestic competition; economic systems; evolution;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Management Science and Engineering, 2009. ICMSE 2009. International Conference on
Conference_Location :
Moscow
Print_ISBN :
978-1-4244-3970-6
Electronic_ISBN :
978-1-4244-3971-3
Type :
conf
DOI :
10.1109/ICMSE.2009.5318183
Filename :
5318183
Link To Document :
بازگشت