THE SUPERIORITY OF COOPERATION OVER COMPETITION IN THE DEVELOPMENT PROCESS: THEORETICAL AND PRACTICAL APPROACHES
Abstract
This article re-examines the theoretical approaches to the correlation between competition and cooperation in the process of economic development. In traditional economic views, competition is interpreted as the primary mechanism for ensuring the efficient allocation of resources and market equilibrium. However, in the context of globalization, technological transformation, and increasing institutional complexity, the importance of cooperative institutions in ensuring sustainable economic growth is steadily growing. Within the framework of this study, the impact of cooperation on innovative activity, transaction costs, and social capital is analyzed based on the concepts of institutional economics, cooperation theory, and public-private partnerships. The results indicate that while competition stimulates efficiency in the short term, long-term and inclusive development depends on the institutional strengthening of cooperative mechanisms.
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