German Capitalism: Does It Exist? Can It Survive?

  title={German Capitalism: Does It Exist? Can It Survive?},
  author={Wolfgang Streeck},
  journal={New Political Economy},
  • W. Streeck
  • Published 1 July 1997
  • Economics
  • New Political Economy
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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