5.2. Varieties of Capitalism Revisited: Globalisation and comparative institutional advantage

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10 avril 2018

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OpenEdition Books

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https://www.openedition.org/12554 , info:eu-repo/semantics/openAccess



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Bob Hancké, « 5.2. Varieties of Capitalism Revisited: Globalisation and comparative institutional advantage », Éditions des maisons des sciences de l’homme associées, ID : 10670/1.z99ky9


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Globalisation has reopened an old debate in the social sciences: how much will the economic and industrial systems of different countries converge on a single standard? Or will differences between national production regimes persist? And, if so, how and why would these systems converge or diverge? Orthodox economics leaves little doubt about the answers to these questions: international market competition will force factor prices to converge over the long-term, and as a result, the most effic...

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