Institutional Competition (New Thinking in Political Economy Series)
By: Andreas Bergh (editor), Rolf Hoijer (editor)Hardback
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Why is competition between institutions usually viewed in a negative light, when competition is considered positive in most other economic contexts? The contributors to this volume introduce new perspectives on this issue, analytically and empirically exploring reasons for this perception. Negative assessments of institutional competition emphasize that such competition may lead to a race to the bottom in terms of eroding government revenues, redistributing wealth from workers to capitalists, and limiting democracy by forcing politicians to prioritize international investment capital rather than working for their voters.In this volume, however, many of the essays draw attention to the positive learning and information effects. The contributors conclude that competition may actually lead to institutions becoming more efficient in allocating resources. Students and scholars of economics, political economy, international relations and political science will find the book's non-traditional take on institutional competition a must-read, as will policy analysts and those with an interest in taxation and welfare states.
Contents: PrefaceAndreas Bergh and Rolf Hoijer 1. The Concept of Institutional CompetitionRolf Hoijer 2. A History of Thought on Institutional CompetitionRoland Vaubel 3. Learning Through Institutional CompetitionMichael Wohlgemuth 4. Institutional Competition: International Environment, Levels andConsequencesPeter Bernholz 5. Can Competition Among Governments Enhance Democracy?Viktor J. Vanberg 6. Tax Competition and Tax CartelsRolf Hoijer 7. Fiscal Competition and the Optimization of Tax Revenues for Higher GrowthVictoria Curzon Price 8. A Race to the Bottom for the Big Welfare States?Andreas Bergh 9. Fiscal Federalism and Economic Growth in OECD CountriesLars P. Field 10. Asia's Giants in the World Economy: China and IndiaErich Weede
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