Competition, Diversity and Economic Performance

Competition, Diversity and Economic Performance

Processes, Complexities and Ecological Similarities

Clement A. Tisdell

This thought-provoking book explores the influences of market competition and diverse behaviours of economic agents on economic performance, particularly dynamic economic performance.

Chapter 12: Using market mechanisms (for example, contracting out) for the efficient public provision of commodities

Clement A. Tisdell

Subjects: economics and finance, evolutionary economics, industrial economics, environment, ecological economics

Extract

International financial bodies (such as the IMF, World Bank, Asian Development Bank and EU financial bodies) have been strong advocates of the increasing use of markets and market mechanisms to improve the economic performance of governments in providing publicly supplied commodities. In the case of private goods, the economic value of their supply by governments is frequently questioned by such bodies, and privatization (or at least, corporatization of their supply) is usually recommended. However, experience with the privatization of the supply of such goods (for instance, the privatization of public enterprises) fails to support strongly the view that this necessarily improves economic performance (Tisdell and Hartley, 2008, ch. 10).

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