Evolutionary Dynamics of Globalization

Arbeitspapier

The expansion of markets –globalization– was reversed during early 20th century and unfettered markets gave in to the welfare state and central planning. But the markets have been striking back since the early 1980s. Governments are withdrawn from economic activities, and many structural market reforms are implemented. Now the question is: Can the forces that market expansion create again reverse this expansion? This paper seeks an answer to this question by constructing an evolutionary game theoretical framework in which market and “egalitarian” societies appear as evolutionarily stable states and shows that catastrophic events such as the Great Depression can indeed cause switch over between evolutionarily stable states.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Discussion Paper ; No. 2008/16

Classification and Topics

• Classification: Wirtschaft ; Current Heterodox Approaches: Historical; Institutional; Evolutionary ; Stochastic and Dynamic Games; Evolutionary Games; Repeated Games
• Subject: globalization ; evolutionary game theory ; evolutionarily stable states ; behavioural strategies ; Globalisierung ; Evolutionäre Spieltheorie ; Welt

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Canpolat, Naci ; Ozel, Hüseyin
• Event: Veröffentlichung
• (who): Turkish Economic Association
• (where): Ankara
• (when): 2008

Further information

• Handle: http://hdl.handle.net/10419/81615
• Last update: 10.03.2025, 11:42 AM CET