Governing Capitalist Economies: Performance and control of economic sectors
Title: Governing Capitalist Economies: Performance and control of economic sectors
Citation: New York/Oxford, Oxford University Press, 1994
ISBN: 019507968X; 9780195079685
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.