Economic Systems Analysis and Policies: Explaining Global Differences, Transitions and Developments

Universalistic views consider countries as being driven towards adopting one economic system as featured by the richer developed countries. However, theoretical foundations and empirical evidence support the prevalence of a multiequilibria of distinct economic systems. Systemic differences arise from distinct sociological, political, and economic behavioural types that associate with household, state, firm, and persuasive settings. Agent concentration and interactions in these settings ultimately result in the domination of one behavioural-motivational type over others; thus determining distinct profiles of conduct, structure, and performance in economic systems, and in system related countries.

Economic Systems Analysis and Policies is a meeting point between economic systems and economic development. It offers theoretical foundations and empirical evidence on the distinct behaviours and evolution of economic systems in US and EU (where firm settings dominate), in transition countries (where state settings dominate), and in the world developing regions (where household and persuasive settings are influential). The book analyses emerging systemic policy problems and related country responses. Policy areas covered include competitive markets, governance, uncertainties, externalities, public goods, economic growth, and income distribution.

The book examines also convergence and displacements tendencies among leading countries in the context of system competition, and elaborates on consequent policy responses.

With coverage of all major regions, this book is essential for all readers looking for a theoretically and empirically founded comprehensive analysis of economic systemsworldwide.