The End of Diversity? Prospects for German and Japanese Capitalism

Kozo Yamamura, Wolfgang Streeck (eds.)

27. März 2003

MPIfG Book

original

Ithaca, NY: Cornell University Press, 2003
401 pages
ISBN 0-8014-8820-6 (paperback)
ISBN 0-8014-4088-2 (hardcover) 

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Yamamura, Kozo, Wolfgang Streeck (Hrsg.)
The End of Diversity? Prospects for German and Japanese Capitalism. Cornell Studies in Political Economy. Ithaca: Cornell University Press, 2003.

Abstract

After the devastation of World War II, Germany and Japan built national capitalist institutions that were remarkably successful in terms of national reconstruction and international competitiveness. Yet both "miracles" have since faltered, allowing U.S. capital and its institutional forms to establish global dominance. National varieties of capitalism are now under intense pressure to converge to the U.S. model. Kozo Yamamura and Wolfgang Streeck have gathered an international group of authors to examine the likelihood of convergence—to determine whether the global forces of Anglo-American capitalism will give rise to a single, homogeneous capitalist system. The chapters in this volume approach this question from five directions: international integration, technological innovation, labor relations and production systems, financial regimes and corporate governance, and domestic politics. 
 
In their introduction, Yamamura and Streeck summarize the crises of performance and confidence that have beset German and Japanese capitalism and revived the question of competitive convergence. The editors ask whether the two countries, confronted with the political and economic exigencies of technological revolution and economic internationalization, must abandon their distinctive institutions and the competitive advantages these have yielded in the past, or whether they can adapt and retain such institutions, thereby preserving the social cohesion and economic competitiveness of their societies.  


Contents

Preface

Introduction: Convergence or Diversity? Stability and Change in German and Japanese Capitalism
Wolfgang Streeck and Kozo Yamamura

Germany and Japan: Binding versus Autonomy
Erica R. Gould and Stephen D. Krasner

Regional States: Japan and Asia, Germany in Europe
Peter J. Katzenstein

Germany and Japan in a New Phase of Capitalism: Confronting the Past and the Future
Kozo Yamamura

The Embedded Innovation Systems of Germany and Japan: Distinctive
Features and Futures
Robert Boyer
 
The Future of Nationally Embedded Capitalism: Industrial Relations in Germany and Japan
Kathleen Thelen and Ikuo Kume

Transformation and Interaction: Japanese, U.S., and German Production Models in the 1990s
Ulrich Jürgens

From Banks to Markets: The Political Economy of Liberalization of the German and Japanese Financial Systems
Sigurt Vitols
 
Corporate Governance in Germany and Japan: Liberalization Pressures and Responses during the 1990s
Gregory Jackson 
 
The Re-Organization of Organized Capitalism: How the German and Japanese Models Are Shaping Their Own Transformations
Steven K. Vogel 
 
Competitive Party Democracy and Political-Economic Reform in Germany and Japan: Do Party Systems Make a Difference?
Herbert Kitschelt


Editors

Wolfgang Streeck

Wolfgang Streeck is Director of the Max Planck Institute for the Study of Societies in Cologne. Together, they edited The Origins of Nonliberal Capitalism: Germany and Japan in Comparison, also from Cornell.

Kozo Yamamura

Kozo Yamamura is the Job and Gertrud Tamaki Professor Emeritus of Japanese Studies at the University of Washington. Among his many books is Asia in Japan's Embrace.

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