Globalization has profound effects on national economies even as distinct national ‘models’ of capitalism remain. International and Comparative Business accessibly tracks the historical and socio-political contexts of the world's major countries on a chapter-by-chapter basis to the present day. The book provides a comprehensive, critical, yet concise introduction to each of the economies’ key features, including macro overviews as well as organizational and workplace-level analysis. Each chapter features learning objectives, in-depth interpretation and critique of key literature, and annotated further reading to allow readers to rigorously navigate their way through the wealth of material available for each country. This text is essential reading for students and researchers in the areas of international business and cross-cultural management, comparative political economy, and history.

Conclusion

Conclusion

Chapter Objectives

  • To recap one of the key arguments of the book; that various national economic models, while remaining distinct in important ways, have all gone through significant and fairly common forms of change. All have proceeded through liberal, organized and disorganized forms of capitalism
  • To discuss the problem of institutional change in contemporary varietles of capitalism and to consider various approaches to interpreting institutional transformation which may be useful to students of VoC
  • To briefly discuss the direction of contemporary world capitalism and to note a number of disturbing developments as regards the growth of instability and inequality amid economic growth
  • To consider whether a ‘more moral capitalism’ is ever likely to arise

Understanding Continuity and Change, Both in Institutions and in Capitalism

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