Economic Development and the Competitive Process
The concepts of competition and its derivatives, competitiveness and competitive advantage feature as highly on the current development agendas and policy debates of developing countries as they do in the developed world, yet they are sufficiently opaque to make any discussion of the relationship between economic development and competition a matter to be negotiated with some difficulty. In this short essay we review some recent thinking on the connection between competition and development as a prelude to a study of wider concerns about innovation, income distribution, competition and development policy. The position we take is that the problems of competitiveness and economic development are isomorphic by virtue of being examples of the phenomenon of economic evolution. Economic evolution is a theory of how the world changes or rather how it changes in such an uneven fashion. We review ideas on the history of the concept of competition and go on to develop an evolutionary approach to competition and competitive advantage. We then review a number of important contributions to the development literature including those associated with the idea of innovation and technology policy. We conclude that competition is central to the development process but that competition is a process not a state of affairs. Consequently competition policy is not reducible to a simpleminded concern with the exploitation of market power, rather in its fundamentals it is a matter of the creativity of an economic system.
|Date of creation:||2002|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www.sed.manchester.ac.uk/idpm
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Morgenstern, Oskar, 1972. "Thirteen Critical Points in Contemporary Economic Theory: An Interpretation," Journal of Economic Literature, American Economic Association, vol. 10(4), pages 1163-89, December.
- Loasby, Brian J, 1982. "The Entrepreneur in Economic Theory," Scottish Journal of Political Economy, Scottish Economic Society, vol. 29(3), pages 0223, November.
- S. Baranzoni & P. Bianchi & L. Lambertini, 2000. "Market Structure," Working Papers 368, Dipartimento Scienze Economiche, Universita' di Bologna.
- Ajit Singh, 2002.
"Competition and competition policy in emerging markets: international and developmental dimensions,"
ESRC Centre for Business Research - Working Papers
wp246, ESRC Centre for Business Research.
- Ajit SINGH, 2002. "Competition And Competition Policy In Emerging Markets: International And Developmental Dimensions," G-24 Discussion Papers 18, United Nations Conference on Trade and Development.
- Baumol, William J, 1982. "Contestable Markets: An Uprising in the Theory of Industry Structure," American Economic Review, American Economic Association, vol. 72(1), pages 1-15, March.
- Paul J. McNulty, 1967. "A Note on the History of Perfect Competition," Journal of Political Economy, University of Chicago Press, vol. 75, pages 395.
- George J. Stigler, 1957. "Perfect Competition, Historically Contemplated," Journal of Political Economy, University of Chicago Press, vol. 65, pages 1.
- Kenny, Charles & Williams, David, 2001. "What Do We Know About Economic Growth? Or, Why Don't We Know Very Much?," World Development, Elsevier, vol. 29(1), pages 1-22, January.
- Kirkpatrick, Colin, 2001. "Regulatory Impact Assessment in Developing Countries: Research Issues," Centre on Regulation and Competition (CRC) Working papers 30640, University of Manchester, Institute for Development Policy and Management (IDPM).
- Shepherd, William G, 1984. ""Contestability" vs. Competition," American Economic Review, American Economic Association, vol. 74(4), pages 572-87, September.
- Bartzokas, Anthony & Teubal, Morris, 2001.
"A Framework for Policy-Oriented Innovation Studies in Industrialising Countries,"
UNU-INTECH Discussion Paper Series
6, United Nations University - INTECH.
- Anthony Bartzokas & Morris Teubal, 2002. "A Framework for Policy Oriented Innovation Studies in Industrialising Countries," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 11(4-5), pages 477-496.
- repec:cup:cbooks:9780521443258 is not listed on IDEAS
- Meyer-Stamer, Jorg, 1995. "Micro-level innovations and competitiveness," World Development, Elsevier, vol. 23(1), pages 143-148, January.
- Knight, Frank H., 1923. "The Ethics of Competition," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 37, pages 579-624, August.
- Lall, Sanjaya & Teubal, Morris, 1998. ""Market-stimulating" technology policies in developing countries: A framework with examples from East Asia," World Development, Elsevier, vol. 26(8), pages 1369-1385, August.
- Abramovitz, Moses, 1986. "Catching Up, Forging Ahead, and Falling Behind," The Journal of Economic History, Cambridge University Press, vol. 46(02), pages 385-406, June.
- Elias Khalil, 2000. "Survival of the Most Foolish of Fools: The Limits of Evolutionary Selection Theory," Journal of Bioeconomics, Springer, vol. 2(3), pages 203-220, October.
- Lall, Sanjaya, 2001. "Competitiveness Indices and Developing Countries: An Economic Evaluation of the Global Competitiveness Report," World Development, Elsevier, vol. 29(9), pages 1501-1525, September.
When requesting a correction, please mention this item's handle: RePEc:ags:idpmcr:30612. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search)
If references are entirely missing, you can add them using this form.