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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/4124| Title: | The concept of a world economic order |
| Keywords: | A12 F02 F15 K00 N00 P00 ddc:330 International rules Transaction costs Welfare gains of rules Property rights Hierarchy of rules Concept of order Freiburg school Weltwirtschaftsordnung Internationales Wirtschaftsrecht Transaktionskosten Wohlfahrtseffekt Ordoliberalismus Welt |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Kiel Institute for the World Economy (IfW) Kiel |
| 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. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/4124 |
| Other Identifiers: | http://hdl.handle.net/10419/4124 ppn:556495497 |
| Appears in Collections: | EconStor |
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