Changing Capitalisms?: Internationalism, Institutional Change, and Systems of Economic Organization

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Overview

An increasing number of studies in the last decade or so have emphasized the viability and persistence of distinctive systems of economic coordination and control in developed market economies. Over more or less the same period, the revival of institutional economics and evolutionary approaches to understanding the firm has focused attention on how firms create distinctive capabilities through establishing routines that coordinate complementary activities and skills for particular strategic purposes. For much of the 1990s these two strands of research remained distinct. Those focusing on the institutional frameworks of market economies were primarily concerned with identifying complementarities between institutional arrangements that explained coherence and continuity. On the other hand, those focusing on the dynamics of firm behaviour studied how firms develop new capacities and are able to learn new ways of doing things.

This book aims to bring together these approaches. It consists of a set of theoretically motivated and empirically informed chapters from a range of internationally known contributors to these debates. In their chapters, the authors show how institutions and firms evolve. Ideas of path dependency and complementarity of institutions are subjected to critical scrutiny both by reference to their own internal logic and to empirical examples.

The book provides a set of theoretical and empirical challenges for researchers concerned with the relationship between national institutional contexts and firm dynamics. For those involved in teaching or studying at doctoral, Masters and higher level undergraduate courses, the book provides a structured entry into the debatesabout how institutions and firms are changing in the contemporary era.

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Product Details

  • ISBN-13: 9780199275632
  • Publisher: Oxford University Press
  • Publication date: 4/7/2005
  • Pages: 466
  • Product dimensions: 9.30 (w) x 6.40 (h) x 1.40 (d)

Meet the Author

Warwick Business School

University of Manchester and Erasmus University, Rotterdam

University of Oslo

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Table of Contents

1 Introduction : changing capitalisms? : internationalization, institutional change, and systems of economic organization 1
2 Path dependency, institutional complementarity, and change in national business systems 21
3 Degrees of freedom : rethinking the institutional analysis of economic change 53
4 Institutional transformation and system change : changes in the corporate governance of German corporations 78
5 Systemic perspectives on business practices and institutions : a plea beyond comparative statics 110
6 Rethinking path dependency : the crooked path of institutional change in post-war Germany 137
7 Complementarity and fit in the study of comparative capitalisms 167
8 How national are business systems? : the role of states and complementary institutions in standardizing systems of economic coordination and control at the national level 190
9 Developing transnational organizational capabilities in multinational companies : institutional constraints on authority sharing and careers in six types of MNC 235
10 Internationalization and capability development in professional services firms 277
11 Varieties of vertical disintegration : the global trend toward heterogeneous supply relations and the reproduction of difference in US and German manufacturing 312
12 Change in coordinated market economies : the case of Nokia and Finland 352
13 Modelling national business systems and the civilizing process 383
14 Institutional complementarities, path dependency, and the dynamics of firms 415
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