The Effects of Political Institutions on Varieties of Capitalism

Author: Matthew P. Arsenault

Publisher: Springer

ISBN: 331950892X

Category: Business & Economics

Page: 204

View: 1878

This book identifies and explores the mechanisms linking political institutions and variation in capitalist systems. A strong correlation exists between varieties of political regimes and varieties of capitalism: majoritarian political regimes are correlated with liberal market economies (LMEs) and consensus political regimes are correlated with coordinated market economies (CMEs). Still, correlation is not causation. Empirical findings illustrate that partisanship and policy legacies, the number of political parties, electoral rules, and constitutional constraints are significant indicators of LMEs and CMEs. Arsenault finds that majoritarian institutions create an environment of adversarial politics and strong competition between actors, which makes credible commitment to nonmarket coordination mechanisms unlikely. Consensus institutions, on the other hand, promote an atmosphere of cooperation and coordination between actors, thus encouraging credible commitment to nonmarket coordination mechanisms. Qualitative case studies of Germany, Britain, and New Zealand confirm the quantitative findings and suggest that political regimes were instrumental in shaping the economic adjustment paths of these countries during the era of liberalization in the 1980s.
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The Oxford Handbook of Employment Relations

Author: Adrian Wilkinson,Geoffrey Wood,Richard Deeg

Publisher: OUP Oxford

ISBN: 0191651494

Category: Business & Economics

Page: 760

View: 9830

There have been numerous accounts exploring the relationship between institutions and firm practices. However, much of this literature tends to be located into distinct theoretical-traditional 'silos', such as national business systems, social systems of production, regulation theory, or varieties of capitalism, with limited dialogue between different approaches to enhance understanding of institutional effects. Again, evaluations of the relationship between institutions and employment relations have tended to be of the broad-brushstroke nature, often founded on macro-data, and with only limited attention being accorded to internal diversity and details of actual practice. The Handbook aims to fill this gap by bringing together an assembly of comprehensive and high quality chapters to enable understanding of changes in employment relations since the early 1970s. Theoretically-based chapters attempt to link varieties of capitalism, business systems, and different modes of regulation to the specific practice of employment relations, and offer a truly comparative treatment of the subject, providing frameworks and empirical evidence for understanding trends in employment relations in different parts of the world. Most notably, the Handbook seeks to incorporate at a theoretical level regulationist accounts and recent work that link bounded internal systemic diversity with change, and, at an applied level, a greater emphasis on recent applied evidence, specifically dealing with the employment contract, its implementation, and related questions of work organization. It will be useful to academics and students of industrial relations, political economy, and management.
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Varieties of Capitalism and Europeanization

National Response Strategies to the Single European Market

Author: Georg Menz

Publisher: Oxford University Press on Demand

ISBN: 0199551030

Category: Business & Economics

Page: 280

View: 7423

Europeanization has often been conceived as a top-down process, necessitating implementation and adjustment at the national level. However, Europeanization can also be conditioned by bottom-up national initiatives. While recent endeavors in comparative political economy have emphasized the resilience of coordinated market economies, few detailed empirical studies have examined to date exactly how different European systems of political-economic governance cope with and respond to an European impetus for liberalization. This original study of the impact of the EU-induced liberalization of service provision on member states argues that innovative national re-regulatory strategies may be implemented in response to Europeanization. In permitting any company registered in an EU member state to provide services throughout Europe, new possibilities were created for the transnational posting of workers from low-wage to high-wage countries. However, high-wage countries could re-regulate the wage levels applicable to such employees. The exact nature of such response strategy is colored by the respective institutional power that labor market interest associations like trade unions and employer associations command. Therefore, different institutionalized varieties of capitalism generate distinct re-regulations of the Single European Market. Drawing on detailed case studies of ten European countries, this volume bridges the gap between the rapidly unfolding scholarly debate on Europeanization and varieties of capitalism. It argues that both strongly neocorporatist systems of political-economic governance and statist systems are capable of creating swift, comprehensive and thorough national re-regulations. This applies to Austria and France, but also Sweden, Denmark, Norway, Finland, Belgium, and Luxembourg. By contrast, countries with less strongly embedded neocorporatist structures, in which due to organizational deficiencies trade unions face difficulties blocking employer demands, create liberal response strategies, permitting a stratification of wage levels. Hence, both Germany and the Netherlands implemented liberal business-friendly re-regulations. The volume makes the case for important amendments to existing accounts of Europeanization and varieties of capitalism. Scholars of Europeanization need to incorporate bottom-up re-regulation into their conceptual framework, particularly in response to 'negative integration'. Recent strides in comparative political economy have placed great emphasis on continued divergence, yet this study suggests that even within the presumably unified group of 'non-liberal' coordinated market economies important institutional differences produce very distinct responses in the face of European liberalization.
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New Technology @ Work

Author: Paul Boreham,Rachel Parker,Paul Thompson,Richard Hall

Publisher: Routledge

ISBN: 113449193X

Category: Business & Economics

Page: 240

View: 8184

New computer and communications technologies have acted as the catalyst for a revolution in the way goods are produced and services delivered, leading to profound changes in the way work is organized and the way jobs are designed. This important book examines the nature, setting and impact of new technologies on work, organization and management. Conventional debates about new technology often invoke optimistic visions of enhanced democracy, rising skills and economic abundance; others predict darker scenarios such as the destruction of jobs through labour-eliminating devices. This book proposes an alternative perspective, arguing that technology can be powerful, but in and of itself has no independent causal powers. It considers the impact of new technologies on manufacturing, clerical, administrative and call centre employment, in both managerial and professional arenas, and introduces the growing phenomena of telework. The book also assesses the important political and economic forces that restrict or facilitate the flow of new technologies on national and global levels. New Technology @ Work is an illuminating and thought-provoking text that will prove invaluable to all serious students of business, management and technology.
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Varieties of Capitalism

The Institutional Foundations of Comparative Advantage

Author: Peter A. Hall,David Soskice

Publisher: OUP Oxford

ISBN: 0191647705

Category: Business & Economics

Page: 570

View: 5693

What are the most fundamental differences among the political economies of the developed world? How do national institutional differences condition economic performance, public policy, and social well-being? Will they survive the pressures for convergence generated by globalization and technological change? These have long been central questions in comparative political economy. This book provides a new and coherent set of answers to them. Building on the new economics of organization, the authors develop an important new theory about which differences among national political economies are most significant for economic policy and performance. Drawing on a distinction between 'liberal' and 'coordinated' market economies, they argue that there is more than one path to economic success. Nations need not converge to a single Anglo-American model. They develop a new theory of 'comparative institutionaladvantage' that transforms our understanding of international trade, offers new explanations for the response of firms and nations to the challenges of globalization, and provides a new theory of national interest to explain the conduct of nations in international relations. The analysis brings the firm back into the centre of comparative political economy. It provides new perspectives on economic and social policy-making that illuminate the role of business in the development of the welfare state and the dilemmas facing those who make economic policy in the contemporary world. Emphasizing the 'institutional complementarities' that link labour relations, corporate finance, and national legal systems, the authors bring interdisciplinary perspectives to bear on issues of strategic management, economic performance, and institutional change. This pathbreaking work sets new agendas in the study of comparative political economy. As such, it will be of value to academics and graduate students in economics, business, and political science, as well as to many others with interests in international relations, social policy-making, and the law.
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After the Three Italies

Wealth, Inequality and Industrial Change

Author: Michael Dunford,Lidia Greco

Publisher: John Wiley & Sons

ISBN: 1444355481

Category: Science

Page: 376

View: 9690

After the Three Italies develops a new political economy approach to the analysis of comparative regional development and the territorial division of labour and exemplifies it through an up-to-date account of Italian industrial change and regional economic performance. Responds to recent theoretical debates in economic geography, involving economists, geographers and planners. Builds the foundations for a new theoretical approach to regional economic development and the territorial division of labour. Draws on the results of a recent ESRC funded research project, as well as on a large range of official data sets. Provides an up-to-date picture of Italy‘s economic performance and of its recent development relative to other European countries and the rest of the world. Analyses Italy's internal differentiation and its persistent regional inequalities. Examines the regional impact of the recent evolution of the car, chemicals, steel and clothing industries. Leads to a new and more complex picture of Italian development.
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Varieties of Capitalism and New Institutional Deals

Regulation, Welfare and the New Economy

Author: Wolfram Elsner,Gerhard Hanappi

Publisher: Edward Elgar Publishing

ISBN: 9781781956755

Category: Business & Economics

Page: 376

View: 8115

In response to global and technological challenges, this text highlights the continuing diversity of national institutional reconfigurations and policy reforms from an institutional-economics perspective.
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Corporate Governance and Capital Flows in a Global Economy

Author: Peter K. Cornelius

Publisher: Oxford University Press

ISBN: 9780195347586

Category: Business & Economics

Page: 527

View: 5214

This volume is a timely and insightful exploration into the issues of corporate governance and the impact of corporate governance practices on investments in developing countries. Sponsored by the World Economic Forum, INSEAD, and Wharton, this book collects original essays from senior researchers at the worlds top academic institutions as well as from key policymakers and business leaders, It analyzes global aspects of governance in relation to such issues as corporate performance, privatization, venture capitalism, and workers. With global financial markets having become more integrated, the book pays particular attention to the role of corporate governance in emerging-market economies and international capital flows. Rich in facts and ideas, Corporate Governance and Capital Flows in a Global Economy is a must read for anyone interested in financial crises international risk management, and global competitiveness.
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Re-Forming Capitalism

Institutional Change in the German Political Economy

Author: Wolfgang Streeck

Publisher: OUP Oxford

ISBN: 0191614459

Category: Business & Economics

Page: 320

View: 2388

Wolfgang Streeck has written extensively on comparative political economy and institutional theory. In this book he addresses some of the key issues in this field: the role of history in institutional analysis, the dynamics of slow institutional change, the limitations of rational design and economic-functionalist explanations of institutional stability, and the recurrent difficulties of restraining the effects of capitalism on social order. In the classification of the 'Varieties of Capitalism' school, Germany has always been taken as the chief exemplar of a 'European', coordinated market economy. Streeck explores to what extent Germany actually conforms to this description. His argument is supported by original empirical research on wage-setting and wage structure, the organization of business and labor in business associations and trade unions, social policy, public finance, and corporate governance. From this evidence, Bringing Capitalism Back In traces the current liberalization of the postwar economy of democratic capitalism by means of an historically-grounded approach to institutional change. This is an important book in comparative political economy and key reading across the social sciences for academics, researchers, and advanced students of Political Economy, Sociology, comparative business systems.
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The Politics of High Tech Growth

Developmental Network States in the Global Economy

Author: Sean O'Riain

Publisher: Cambridge University Press

ISBN: 9780521830737

Category: Business & Economics

Page: 270

View: 1120

This book argues that beneath the Irish trade and foreign investment boom lies a more interesting story of regional innovation promoted by an alliance between the state and local technical communities. This alliance was governed through a decentralized set of state institutions, drawing on 'global' and 'local' economic and political resources. This 'Developmental Network State' has had a significant impact on the growth of Ireland's high tech cluster and is central to the emergence of an international network of 'global high tech regions' from Silicon Valley to Ireland, Taiwan, and Israel. The book provides a detailed study of the rise of the software industry in Ireland and of the state institutions and political conditions which promoted it. It shows how new 'network state' policies and institutions have been central to high tech regions elsewhere.
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Governance in der politischen Ökonomie

Struktur und Wandel des modernen Kapitalismus

Author: Susanne Lütz

Publisher: Springer-Verlag

ISBN: 3531904213

Category: Political Science

Page: 272

View: 9077

Globalisierung, Liberalisierung und der zunehmende Wettbewerb zwischen nationalen Märkten setzen das Institutionengefüge heutiger Marktwirtschaften zunehmend unter Druck. Kommt es zur Angleichung der Wirtschaftsstrukturen angelsächsischer und kontinentaleuropäischer Länder? Welche Dynamiken kennzeichnen den Umbau von Institutionen auf der Ebene von Wirtschaftssektoren, regionalen Produktionszusammenhängen oder auch die Transformation von Wirtschaftssystemen in Osteuropa? Diese Fragen stehen nicht nur im Zentrum der aktuellen Wirtschaftspolitik, sondern auch im Mittelpunkt der auf die politische Ökonomie gerichteten Governance-Debatte, welche die Wirtschaft in eine Vielzahl nicht-marktförmiger Institutionen eingebettet sieht. Dieser Band vermittelt einen Überblick über das Analyseinstrumentarium und den aktuellen Stand der auf die Wirtschaft bezogenen Governance-Forschung in verschiedenen Anwendungsfeldern. Kritisch diskutiert wird zudem die Leistungsfähigkeit des Ansatzes zur Erklärung des Wandels im modernen Kapitalismus.
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Warum Nationen scheitern

Die Ursprünge von Macht, Wohlstand und Armut

Author: Daron Acemoglu,James A. Robinson

Publisher: S. Fischer Verlag

ISBN: 310402247X

Category: Business & Economics

Page: 608

View: 2915

Der Klassiker - von sechs Wirtschaftsnobelpreisträgern empfohlen, eine Pflichtlektüre! Warum sind Nationen reich oder arm? Starökonom Daron Acemoglu und Harvard-Politologe James Robinson geben eine ebenso schlüssige wie eindrucksvolle Antwort auf diese grundlegende Frage. Anhand zahlreicher, faszinierender Fallbeispiele – von den Conquistadores über die Industrielle Revolution bis zum heutigen China, von Sierra Leone bis Kolumbien – zeigen sie, mit welcher Macht die Eliten mittels repressiver Institutionen sämtliche Regeln zu ihren Gunsten manipulieren - zum Schaden der vielen Einzelnen. Ein spannendes und faszinierendes Plädoyer dafür, dass Geschichte und Geographie kein Schicksal sind. Und ein überzeugendes Beispiel, dass die richtige Analyse der Vergangenheit neue Wege zum Verständnis unserer Gegenwart und neue Perspektiven für die Zukunft eröffnet. Ein provokatives, brillantes und einzigartiges Buch. »Dieses Buch werden unsere Ur-Ur-Urenkel in zweihundert Jahren noch lesen.« George Akerlof, Nobelpreisträger für Wirtschaftswissenschaften »Eine absolut überzeugende Studie.« Gary S. Becker, Nobelpreisträger für Wirtschaftswissenschaften »Ein wirklich wichtiges Buch.« Michael Spence, Nobelpreisträger für Wirtschaftswissenschaften »Acemoglu und Robinson begeistern und regen zum Nachdenken an.« Robert Solow, Nobelpreisträger für Wirtschaftswissenschaften »Ein wichtiges, unverzichtbares Werk.« Peter Diamond, Nobelpreisträger für Wirtschaftswissenschaften »Ein wichtiger Beitrag zur Debatte, warum Staaten mit gleicher Vorrausetzung sich so wesentlich in wirtschaftlichen und politischen Entwicklungen unterscheiden.« Kenneth J. Arrow, Nobelpreisträger für Wirtschaftswissenschaften »Diese faktenreiche und ermutigende Streitschrift lehrt uns, dass die Geschichte glücklich enden kann, wenn ihr kein Mensch mehr als Versuchsobjekt dient.« Michael Holmes, NZZ am Sonntag »Anderthalb Jahrzehnte Arbeit eines Pools von Wissenschaftlern, auf 600 Seiten zusammengefasst durch zwei Forscher von Weltrang – und dies kommt heraus: eine Liebeserklärung an Institutionen, die im Sinne ihrer Bürger funktionieren. [...] bestechend.« Elisabeth von Thadden, Die Zeit »Sie werden von diesem Buch begeistert sein.« Jared Diamond, Pulitzer Preisträger und Autor der Weltbestseller »Kollaps« und »Arm und Reich« » Ein höchst lesenswertes Buch.« Francis Fukuyama, Autor des Bestsellers »Das Ende der Geschichte« »Ein phantastisches Buch. Acemoglu und Robinson gehen das wichtigste Problem der Sozialwissenschaften an – eine Frage, die führende Denker seit Jahrhunderten plagt – und liefern eine in ihrer Einfachheit und Wirkmächtigkeit brillante Antwort. Eine wunderbar lesbare Mischung aus Geschichte, Politikwissenschaft und Ökonomie, die unser Denken verändern wird. Pflichtlektüre.« Steven Levitt, Autor von »Freakonomics«
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State, Globalization and Multilateralism

The challenges of institutionalizing regionalism

Author: Mario Telò

Publisher: Springer Science & Business Media

ISBN: 9400728433

Category: Political Science

Page: 188

View: 4515

This volume presents a reconsideration of the concepts of State and political power within the evolving multilateral network of cooperation and conflict. By means of an innovating research strategy, it explains state resilience within global governance while deepening the obsolescence of the traditional sovereign state concepts, including by emerging powers. Rather than considering the EU as an isolated case study, the book considers the EU as both a reference and a proactive player, which fosters a new research agenda both for comparative studies and political theory. Lastly, in view of the currently emergent, unprecedented and asymmetrical, ‘multi-polar’ world, it considers the need for a new research agenda on multilateralism.
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How Welfare States Shape the Democratic Public

Policy Feedback, Participation, Voting, and Attitudes

Author: Staffan Kumlin,Isabelle Stadelmann-Steffen

Publisher: Edward Elgar Publishing

ISBN: 1782545492

Category: Political Science

Page: 352

View: 1660

Staffan Kumlin and Isabelle Stadelmann-Steffen bring together political scientists and sociologists from different and frequently separated research communities to examine policy feedback in European welfare states. In doing so, they offer a rich menu
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The Power of Inaction

Bank Bailouts in Comparison

Author: Cornelia Woll

Publisher: Cornell University Press

ISBN: 0801471141

Category: Business & Economics

Page: 200

View: 8694

Bank bailouts in the aftermath of the collapse of Lehman Brothers and the onset of the Great Recession brought into sharp relief the power that the global financial sector holds over national politics, and provoked widespread public outrage. In The Power of Inaction, Cornelia Woll details the varying relationships between financial institutions and national governments by comparing national bank rescue schemes in the United States and Europe. Woll starts with a broad overview of bank bailouts in more than twenty countries. Using extensive interviews conducted with bankers, lawmakers, and other key players, she then examines three pairs of countries where similar outcomes might be expected: the United States and United Kingdom, France and Germany, Ireland and Denmark. She finds, however, substantial variation within these pairs. In some cases the financial sector is intimately involved in the design of bailout packages; elsewhere it chooses to remain at arm’s length. Such differences are often ascribed to one of two conditions: either the state is strong and can impose terms, or the state is weak and corrupted by industry lobbying. Woll presents a third option, where the inaction of the financial sector critically shapes the design of bailout packages in favor of the industry. She demonstrates that financial institutions were most powerful in those settings where they could avoid a joint response and force national policymakers to deal with banks on a piecemeal basis. The power to remain collectively inactive, she argues, has had important consequences for bailout arrangements and ultimately affected how the public and private sectors have shared the cost burden of these massive policy decisions.
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Endspiel des Kooperativen Kapitalismus?

Institutioneller Wandel unter den Bedingungen des marktzentrierten Paradigmas

Author: Ulrich Brinkmann,Karoline Krenn,Sebastian Schief

Publisher: Springer-Verlag

ISBN: 3531905228

Category: Political Science

Page: 284

View: 2227

"Endet es? Wird es enden? Oder ist es bereits zu Ende?" Diese Fragen dienen als Leitmotiv für dieses Buch über das vermeintliche oder tatsächliche Ende des "Kooperativen Kapitalismus" in Deutschland. Nach langjähriger Persistenz scheint dieser nun das Zeitliche zu segnen. Ist das Modell nun tatsächlich an sein Ende gekommen? Haben wir es mit einem Auslaufmodell zu tun? Die Beiträge dieses Buches thematisieren ausgewählte Prozesse des Umbruchs der rheinischen Variante des Kapitalismus. Diskutiert werden u.a. die Transformation hin zu einem Finanzmarktkapitalismus, der Wandel der Corporate Governance, das Aufscheinen neuer Leitbilder in Unternehmen (wie "Intrapreneur"), die Veränderung der Industriellen Beziehungen in einem internationalen Kontext sowie der sozialen Sicherungssysteme. Der Band gibt einen breiten Überblick über den Zustand des Kooperativen Kapitalismus zu Beginn des 21. Jahrhunderts in einem zunehmend internationalisierten Umfeld und unter der Maxime verstärkter Marktsteuerung - und er vermittelt Deutungsangebote über Art und Ausmaß der zu erwartenden Änderungen.
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The Oxford Handbook of Asian Business Systems

Author: Michael A. Witt,Gordon Redding

Publisher: OUP Oxford

ISBN: 0191626554

Category: Business & Economics

Page: 752

View: 7569

Much of the existing literature within the "varieties of capitalism" (VOC) and "comparative business systems" fields of research is heavily focused on Europe, Japan, and the Anglo-Saxon nations. As a result, the field has yet to produce a detailed empirical picture of the institutional structures of most Asian nations and to explore to what extent existing theory applies to the Asian context. The Oxford Handbook of Asian Business Systems aims to address this imbalance by exploring the shape and consequences of institutional variations across the political economies of different societies within Asia. Drawing on the deep knowledge of 31 leading experts, this book presents an empirical, comparative institutional analysis of 13 major Asian business systems between India and Japan. To aid comparison, each country chapter follows the same consistent outline. Complementing the country chapters are eleven contributions examining major themes across the region in comparative perspective and linking the empirical picture to existing theory on these themes. A further three chapters provide perspectives on the influence of history and institutional change. The concluding chapters spell out the implications of all these chapters for scholars in the field and for business practitioners in Asia. The Handbook is a major reference work for scholars researching the causes of success and failure in international business in Asia.
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Institutional Change in Varieties of Capitalism. Temporary Employment in Germany

Author: Christian Horch

Publisher: GRIN Verlag

ISBN: 366874324X

Category: Political Science

Page: 9

View: 7245

Seminar paper from the year 2014 in the subject Politics - International Politics - Topic: Globalization, Political Economics, grade: 1,3, University of Bamberg, course: Seminar - Challenges of Economic Policy, language: English, abstract: In the face of globalization many states have been forced to adapt to the new challenges facing them in an ever more open market. The fact that markets increasingly escape the bounds of national economies and interact in international perspectives is apparent for example in the fields of research, development and manufacturing activities. These developments towards internationalization of economic and social policies and institutions lead in many cases to policies that adapt regulation to new international challenges or in other cases deregulate markets in a process of liberalization especially in the fields of labor and financial markets as well as training of workers, wage bargaining and education. Analyzing these processes and the impact of such policy changes on the political economies, societies and institutional frameworks has been the focus of research in both economics and political science – namely the Institutionalist branches. The applicability of the VoC framework to explain institutional change has since come under criticism for oversimplifying the institutional reality and falling short of capturing the complexities of real-world changes in national political economies with their dichotomous separation into LMEs and CMEs. Hall and Thelen (2009) have however proposed an extension to the VoC framework to analyze institutional change in a more meaningful way by outlining modes of change along the assumption of institutional stability in accordance with the VoC framework.
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Beyond Varieties of Capitalism

Conflict, Contradictions, and Complementarities in the European Economy

Author: Bob Hancké,Martin Rhodes,Mark Thatcher

Publisher: Oxford University Press

ISBN: 0199206481

Category: Business & Economics

Page: 438

View: 4833

This edited work critically analyses developments in European Political Economy and their effects on the continental European economies. Leading political economists from Europe and the United States consider how the influential 'Varieties of Capitalism' approach can help us understand these challenges.
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The Oxford Handbook of Comparative Institutional Analysis

Author: Glenn Morgan,John Campbell,Colin Crouch,Ove Kaj Pedersen,Richard Whitley

Publisher: OUP Oxford

ISBN: 0191613630

Category: Business & Economics

Page: 728

View: 4926

It is increasingly accepted that 'institutions matter' for economic organization and outcomes. The last decade has seen significant expansion in research examining how institutional contexts affect the nature and behaviour of firms, the operation of markets, and economic outcomes. Yet 'institutions' conceal a multitude of issues and perspectives. Much of this research has been comparative, and followed different models such as 'varieties of capitalism', 'national business systems', and 'social systems of production'. This Handbook explores these issues, perspectives, and models, with the leading scholars in the area contributing chapters to provide a central reference point for academics, scholars, and students.
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