Governing capitalist economies: performance and control of economic sectors

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Oxford University Press, 1994 - Business & Economics - 316 pages
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As economic sectors of various advanced industrial societies suffer in response to a decline in global growth rates, scholars, policy analysts, and government officials in a variety of countries increasingly look beyond their national boundaries for more effective models of management and industrial policy. Governing Capitalist Economies: Performance and Control of Economic Sectors offers a comparative analysis of the coordination and control of industries in North America, Japan, and Western Europe and challenges neo-classical economists' assumptions about the efficaciousness of market mechanisms as a means of enhancing economic performance. The authors 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 performance of industrial sectors. The authors argue that tightly controlled sectors outperform their less-regulated counterparts in the world economy. Governing Capitalist Economies begins with an introduction to capitalism, sectors, and institutions by the editors - J. Rogers Hollingsworth, Philippe C. Schmitter, and Wolfgang Streeck - which provides a general overview and background for the ten case studies that follow. This is a timely and topical study that will provide informative reading for scholars and students of political economy, political science, and business.

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Contents

A Comparative Study of
17
The American and Japanese Experience
43
Modes of Governance in the Shipbuilding Sector in Germany Sweden
72
Copyright

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About the author (1994)

Schmitter is professor of political science at Stanford University.

Wolfgang Streeck is Professor of Sociology and Director at the Max Planck Institute for the Study of Societies in Cologne, Germany. Previously he was a Senior Research Fellow at the Wissenschaftszentrum Berlin. From 1988 to 1995 he was Professor of Sociology and Industrial Relations at the
University of Wisconsin-Madison. He has worked on labor relations, political economy, economic policy, European integration and related subjects. He was President of the Society for the Advancement of Socio-Economics (SASE) in 1998-99. Kathleen Thelen is Professor of Political Science at
Northwestern University. She is the author, most recently, of How Institutions Evolve: The Political Economy of Skills in Germany, Britain, the United States and Japan (Cambridge University Press, 2004). Her work on labor politics and on historical institutionalism has appeared in World Politics,
Comparative Political Studies, The Annual Review of Political Science, Politics & Society, and Comparative Politics, among others. She is currently Chair of the Council for European Studies, and serves on the Executive Councils of the Organized Sections for Comparative Politics, Qualitative Methods,
and European Politics and Society of the American Political Science Association.