05 Soskice Liberal and Coordinated Economies (Jan 12)

05 Soskice Liberal and Coordinated Economies (Jan 12) -...

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SOSKICE: VARIETIES OF CAPITALISM Distinctive “production regimes” characterize different advanced capitalist countries. Dependent variable = production regime --Liberal/LME v. Coordinated/CME --mkt. v. non-market forms of coordination between businesses Independent variable = business strategies; --Labor and gov’t respond to business exigencies, -- business either has “coordinating capacity” or it doesn’t
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What features characterize a production regime? 1. Financial systems LME: short time horizons, allow high risk- taking CME: long-term financing (“blockholder” as per Roe), stable growth 2. Industrial relations systems : LME: Deregulated labor markets --collective bargaining, if present, decentralized to company and/or plant level; --much of labor force not represented by employee organizations at all; --facilitates unilateral control by management
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CME: Employer associations and unions regulate labor market, wages; --cooperative relationship; --collective bargaining centralized at
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This note was uploaded on 04/18/2011 for the course POLI 126AA taught by Professor Ellencomisso during the Spring '11 term at UCSD.

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05 Soskice Liberal and Coordinated Economies (Jan 12) -...

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