The problem of deteriorating (unfavorable) selection as a new barrier to the sustainable development economics

DOI

10.2991/icsdcbr-19.2019.16How to use a DOI?

Keywords

adverse selection, sustainable development, deteriorating selection, economy

Abstract

This article is devoted to the problem of a consistent reduction in the quality of goods under the conditions of the “development of capitalism” raised in the work of I. V. Rozmainsky. Also, it analyzes its impact on the sustainable development of various markets in the modern economy. The article discusses the causes of a negative impact of consumers’ information constraints on the sustainable development of the economy, describes how the growth of uncertainty contributes to the transformation of degrading selection into a certain general pattern of markets, becoming a serious barrier to the economy of sustainable development. The authors concluded that the growing influence of the institutional environment on the efficiency of modern markets and proposed the creation of international institutional mechanisms for quality assurance of bona fide suppliers and manufacturers.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - D Khvalynskiy
AU  - O Mamchenko
PY  - 2019/11
DA  - 2019/11
TI  - The problem of deteriorating (unfavorable) selection as a new barrier to the sustainable development economics
BT  - Proceedings of the International Conference on Sustainable Development of Cross-Border Regions: Economic, Social and Security Challenges (ICSDCBR 2019)
PB  - Atlantis Press
SP  - 74
EP  - 78
SN  - 2352-5398
UR  - https://doi.org/10.2991/icsdcbr-19.2019.16
DO  - 10.2991/icsdcbr-19.2019.16
ID  - Khvalynskiy2019/11
ER  -