Social Corporatism: A Superior Economic System?
The notion of corporatism as an economic system distinct from both classical capitalism and socialism has experienced a revival of intellectual interest since the mid-1970s. Though the term was first used in the 19th century, its current definition is elusive. This book defines corporatism in an explicit way and explores the explanatory power of the definition. Social corporatism is defined as an economic system in which the labour market is organized by centralized wage bargaining and is non-exclusive and egalitarian. The definition adopted permits the corporatist label to be extended to countries as diverse as Austria and Australia, and the extent to which these experiments have succeeded is also reviewed. The study suggests that developing countries could do well to emulate the example of the successful corporatist countries in building the necessary institutions at an early stage of their development. Indeed, as the pivotal centrally planned command economies of Eastern Europe move over to market solutions they will have the opportunity to profit from the lessons of the corporatist experience by incorporating the key elements in rebuilding structures.
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Lessons from Corporatist Theorizations
Corporatism and Wage Bargaining
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Accord action adjustment associated Australia Austria average bargaining benefits capital cent centralized changes compared competitiveness concerned continued corporatism corporatist costs decentralized decline demand Denmark devaluation early economic policy effects employed employers employment equality Europe European example exchange rate experience exports fact Finland firms force foreign groups growth important income increase indicators industrial inflation institutions interest investment Italy labour market late less manufacturing Market output measures ment movement Nordic countries Norway OECD OECD countries organizations particular parties percentage performance period political present productivity real wage recent reduced relations relative result rise role saving sector share shows social Source spreading strong structure Sweden Swedish Switzerland Table tion trade union traditional variables volume wage dispersion welfare workers