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The concept of a world economic order

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dc.creator Siebert, Horst
dc.date 2008
dc.date.accessioned 2013-10-16T06:56:01Z
dc.date.available 2013-10-16T06:56:01Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/4124
dc.identifier ppn:556495497
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/4124
dc.description This paper studies the concept of an international economic order, i.e. an institutional arrangement of international rules. Such rules emerge from negative experiences – historical disasters – that inflict severe hardship on people. A taxonomy for rules reducing transaction costs is developed, for instance through decentralization of decisions, property rights, territoriality and the internalization of border-crossing negative externalities and mechanisms for global public goods. Some aspects of the rule system are studied including the process of ceding sovereignty and philosophical thoughts on international rules.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kieler Arbeitspapiere 1392
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject A12
dc.subject F02
dc.subject F15
dc.subject K00
dc.subject N00
dc.subject P00
dc.subject ddc:330
dc.subject International rules
dc.subject Transaction costs
dc.subject Welfare gains of rules
dc.subject Property rights
dc.subject Hierarchy of rules
dc.subject Concept of order
dc.subject Freiburg school
dc.subject Weltwirtschaftsordnung
dc.subject Internationales Wirtschaftsrecht
dc.subject Transaktionskosten
dc.subject Wohlfahrtseffekt
dc.subject Ordoliberalismus
dc.subject Welt
dc.title The concept of a world economic order
dc.type doc-type:workingPaper


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