Governing Capitalist Economies Performance and Control of Economic Sectors

by ; ;
Format: Hardcover
Pub. Date: 1994-01-20
Publisher(s): Oxford University Press
List Price: $64.00

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Summary

This comparative analysis of the coordination and control of industries in North America, Japan, and Western Europe challenges neo-classical economists' assumptions about the efficaciousness of market mechanisms as a means of enhancing economic performance. The authors also explore variation in state policies in the governance of internationally competitive industries (automobiles, chemicals, consumer electronics, and steel, for example) and demonstrate how variation in state policies influences the economic performance of industrial sectors. The authors argue that tightly controlled sectors outperform their less-regulated counterparts in the world economy.

Table of Contents

Capitalism, Sectors, Institutions, and Performancep. 3
Neither Markets nor Hierarchies: A Comparative Study of the Printed Circuit Board Industry in Britain and Japanp. 17
Governance Systems in Steel: The American and Japanese Experiencep. 43
Modes of Governance in the Shipbuilding Sector in Germany, Sweden, and Japanp. 72
Industry as a Form of Order: A Comparison of the Historical Development of the Machine Tool Industries in the United States and Germanyp. 97
The Chemical Industry: A Study in Internationalizationp. 129
Sectoral Governance in the Automobile Industries of Germany, Great Britain, and Francep. 156
Industry or Infrastructure? A Cross-National Comparison of Governance: Its Determinants and Economic Consequences in the Dairy Sectorp. 183
Sectoral Governance in Consumer Electronics in Britain and Francep. 215
Keeping the Shotgun Behind the Door: Governing the Securities Industry in Canada, the United Kingdom, and the United Statesp. 244
Countries and Sectors: Concluding Remarks on Performance, Convergence, and Competitivenessp. 270
Contributorsp. 301
Indexp. 305
Table of Contents provided by Blackwell. All Rights Reserved.

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