CPE NOTES FEB 27 2008

CPE NOTES FEB 27 2008 - CPE NOTES Production Regimes...

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CPE NOTES FEB 27 2008 Production Regimes- National and sectoral CME’s both rely on cooperation among firms and economic actors. There is some sort of competition in CME’s, but at a really small level. In National CME’s there is a great deal of coordination between the government and Peak Associations (Representatives of business). More centralized. Decisions occur at national level. In Sectoral CME’s there is coordination at more of a sectoral level between firms and banks, unions, and other actors. Example: coordination in the automobile industry. Government plays a very small role in the actions. In LME’s there s much greater emphasis on coordinating through market competitiveness rather than cooperation and coordination among firms. Suppliers will put their items up for bid and make compete for their goods and services. There is no sectoral and / or national cooperation and coordination. All capitalist countries have wage negociations. In LME’s this occurs at the level of the firm among individual firms. In sectoral
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