Reference no: EM131470791
You land on a planet somewhere far away, after your spaceship crash landed there and you inherit half that planet. The other half of the planet is given to another survivor, called Mr. Lucius Lux from the same spaceship. Both halves of the planet have exactly the same amount of land, labour and capital as the other half, the same infrastructure, the same GDP per capita and technology. Everything is the same in both quantity and quality for everything present on the planet, so that both you and Mr. Lucius Lux have the exact starting conditions and none of you has any starting advantage or handicap.
Both halves of the planet have the same level of technology as 2017 Geneva, Switzerland.
You know that Mr. Lucius Lux has chosen Mixed Economy as his Economic System. You are given a period of 30 years in which you must compete with him and at the end of this period, the winner will be the one who has the largest GDP. You are free to choose any economic system learned until now and choose any economic policies you wish to attain that goal. You may also combine economic systems, provided you clearly state which ones you have chosen. You must explain why the system or combination of economic systems you are going to apply, will win in this race. A simple statement that your policies and economic system will win is not sufficient, but you must bring some arguments why you think these systems and policies will win vs the Mixed Economy system chosen by Mr. Lucius Lux.
You may answer either in essay format with full explanations, bullet points with full explanations, or a combination of them. You can be brief or long in your answer, but you must make your points clearly with full explanation.
Restrictions: you cannot trade with the half of the planet given to Mr. Lucius Lux, cannot sabotage the domain of your competitor, cannot go to war, nor can you commit genocide against the people in your half of the planet. You also cannot choose Mixed Economy as an economic system for your half of the planet. The context is strictly in the field of economics.
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