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It is said that the United States has a market centered corporate governance system, wherein as Germany has a bank centered system. What does the two...

It is said that the United States has a market centered corporate governance system, wherein as Germany has a bank centered system.
What does the two designations mean? How would you compare the corporate governance systems of the United States and Germany. How did both countries come to have the systems they have? and what are the consequences of each system?.

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