G-20 Countries

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Copyright: 2018
Pages: 9
Source title: Ranking Economic Performance and Efficiency in the Global Market: Emerging Research and Opportunities
Source Author(s)/Editor(s): Benjamen Franklen Gussen (University of Southern Queensland, Australia & Australian Law and Economics Association, Australia)
DOI: 10.4018/978-1-5225-2756-5.ch004

Keywords: Business & Management / Business Science Reference / Economics & Economic Theory / Economics and Economic Theory

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Abstract

This chapter applies the ? model to the G-20 countries. The model suggests that the group is not homogenous. Some G-20 countries are economically efficient, while others are not. The jurisdictional footprints of these countries help explain the efficiency differences. The chapter introduces an evolutionary construct, the Red Queen Effect (RQE) to further explain the evolutionary stability of the world-system. The chapter also provides a brief analysis of the efficiency relativities of European countries.

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