German Capitalism: Does It Exist? Can It Survive?
@article{Streeck1997GermanCD, title={German Capitalism: Does It Exist? Can It Survive?}, author={Wolfgang Streeck}, journal={New Political Economy}, year={1997}, volume={2}, pages={237-256} }
Drawing on extensive comparison with the United States, Japan and Britain, the paper describes the "German model" of advanced capitalism as an institutionalized high-wage economy combining high competitiveness in world markets with strong social cohesion and, in particular, low levels of inequality along a variety of dimensions. This combination is explained by a unique set of socio-economic institutions, in particular socially instituted and circumscribed markets, negotiated firms commanding…
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