The book brings together economic systems and development economics, offering theoretical foundations and empirical evidence. It examines competition, technology, governance, public goods, income transfers, transition, performance, convergence and displacement in a range of countries worldwide.

Empirical studies emphasising supply factors argue that poor countries as a whole show a catching up tendency of rich countries as a whole. We offer a demand side SAM model to highlight the convergence in economic growth. The model predicts, after adjusting for peculiarities of economic systems,...

The paper reviews and criticizes the past and current state of comparative studies of economic systems (CSES) for the lack of an analytical framework to back them. An analytical framework is formulated that allows for a changing distribution and interaction of agents along the subsystems, each...