In Search of National Economic Success: Balancing Competition and CooperationRecent work in comparative political economy has generated a host of alternative explanations for variation in national economic performance--institutional sclerosis, flexible specialization, governance relations, etc. In each case, these explanations have trouble accounting for more than a handful of instances. In Search of National Economic Success uses detailed case studies with statistical analysis to comparatively assess the "market liberal" belief in free markets, limited government, and the tradeoff between economic efficiency and social justice. Lane Kenworthy argues that the key to economic success lies in combining competition with cooperation. Among advanced industrialized nations, the countries achieving the best economic performance results over the past three decades have been the most committed to combining competition and cooperation. Those faring the worst rely predominantly on atomistic, individualistic competition. In the end, the comparative record strongly supports a focus on cooperation-inducing institutions. This volume will prove invaluable to scholars and students in comparative politics, international political economy, and comparative economics. "[This volume] presents an alternative explanation of the cross-national variation in performance, arguing that national economic success lies in combining competition with cooperation." --Journal of Economic Literature |
Contents
The Fall and Rise of Market Liberalism | 1 |
The Efficiency of Constraint | 13 |
The Illusory TradeOff | 36 |
Copyright | |
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American associated Austria average banks behavior Calmfors Cambridge capital capitalist catch-up effect centralization chap Chapter comparative competition constraints cooperation corporatism correlation costs countries data sources Denmark developed economic performance economic success edited effect efficiency egalitarian employees encompassing unions equations Figure Finland firms Friedman Germany government spending incentives included income equality industrial policy industrial relations inflation institutions intervention investment investors Italy Japan Japanese Journal keiretsu labor market labor market policy labor movements labor organization localized unions long-term low unemployment macroeconomic market failure market liberal market liberal view misery index nations neoclassical Netherlands Norway OECD percent political productivity growth programs redistributive reduce regression coefficients relationship rent-seeking sector share social sources see Appendix standards strategy Streeck suggests suppliers Sweden Switzerland Table theory trade-off transfer unem unemployment context United United Kingdom University Press variable wage bargaining wage increases welfare workers workforce Zysman
