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.
About the Author
Hans-Werner Sinnis Professor of Economics and Public Finance at the University of Munich and directs the international CESifo Research Network. He is also President of the Ifo Institute for Economic Research and Director of the Center for Economic Studies (CES) at the University of Munich. Professor Sinn has served as Chairman of the German Economic Association, taught at the University of Western Ontario, held guest professorships in various international universities, and has received honorary titles from the universities of Magdeburg and Vienna. He is the author of numerous books, including Jumpstart: The Economic Unification of Germany (1992) and has contributed to many scientific journals.
Table of Contents
List of Tables and Figures.
1 Competition among States.
2 Taxes and Public Infrastructure Goods.
3 The Erosion of the Welfare State.
4 Social Dumping in the Transformation Process?
5 Ecological Competition.
6 The Competition of Product Standards.
7 Limited Liability, Risk Taking and the Competition of Bank Regulators.
8 The Competition of Competition Rules.
What People are Saying About This
"Professor Sinn offers a sweeping view of the future global economy, where states compete for capital in a race for growth. Old policies, fiscal and structural, will be revised to attract productive resources and to prevent their exit. Once more the author joins lucid exposition and analytical rigor in a splendid piece of contemporary economics." —Richard Musgrave, Harvard University
"The authors of competitive interactions among and within governments and nations requires a breadth of perspective and learning not often found among today's hyperspecialists. Hans-Werner Sinn has thought long and written extensively on these matters. This book provides a concise introduction to these important issues, a compelling demonstration that economics has a lot to say about them, and a glimpse of the large analytical tasks beyond the horizon." —David E. Wildasin, University of Kentucky