2 - Question Two In what ways do German Japanese and American capitalism differ what are the strengths and weaknesses of each Hassel and Williamson

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Question Two In what ways do German, Japanese and American capitalism differ? what are the strengths and weaknesses of each. Hassel and Williamson point toward significant reforms in Germany ; Hiwatari does the same for Japan. Weir and Fantasia/Voss point toward potential reforms in the United States. Describe the changes these authors perceive and/ or advocate. is economic globalization driving convergence among capitalist societies? Why or why not? German Capitalism: Social Capitalism Germany is the economic driver of Europe as it currently is the largest and most advanced state. It's capitalism is based on a social market system, which means that they combine their free trade with a welfare state. I.e. Germany has universal health insurance, free education up through the university, comprehensive vocational training, unemployment protection and labor market policy that trains and finds new jobs for displaced workers. Germany's unions and employers are powerful entities who are linked together via a mutually agreed upon social partnership. In business, the BBA engages in collective bargaining, while the BDI supports economic policy (the two coincide under an umbrella federation). In labor, the DGB, an umbrella federation, supports both worker and employer unions. This social partnership is supported by Germany's government that plays a supportive role by retaining a working framework and encouraging negotiations between social partnerships. The government has even passed legislation that supports for the social contract. I.e. The Solidarity Pact for East Germany: 1993, included business, labor and varying levels of government to put together a package of tax reductions, investments and a whole range of aid.
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This note was uploaded on 05/19/2008 for the course ILRIC 4330 taught by Professor Turnerl during the Spring '06 term at Cornell University (Engineering School).

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2 - Question Two In what ways do German Japanese and American capitalism differ what are the strengths and weaknesses of each Hassel and Williamson

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