midterm 2 summaries - Politics of the Global North: reading...

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Politics of the Global North: reading assignments The Wonderful World of Capitalism: by Bob Hancke and David Soskice There are two versions of capitalism, which are based on how they solve problems. 1. Liberal Market Economy (LME) (United States): Companies have a lot of liberty in how they deal with labor relations. Training is a cost and risk factor Compete based on price Deregulated finance **Results in worldwide leadership in new technology 2. Family of Capitalism (Germany): Coordinated market economies Labor relations play decisive roles Businesses operate on basis of cooperation and competition **Results in expensive but better quality products The article further explains the two structures and concludes by saying that we have a system of “comparative institutional advantages.” Varieties of Capitalism: The Institutional Foundations of Comparative Advantage ******didn’t read A Democratic Left Vision For Europe: by David Clark et al Europe needs to maintain the social safety nets that they now provide. ********What else??
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This note was uploaded on 11/15/2009 for the course ILRCB 3020 at Cornell University (Engineering School).

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midterm 2 summaries - Politics of the Global North: reading...

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