Markets, Institutions, and Politics Under Globalization

Industrial Adjustments in the United States and in Germany in the 1990s

Datos Bibliográficos

ID6246792
AutoresHyeong-Ki Kwon (University of Chicago, autor de correspondencia)
Año2004
Volumen37
Número1
Páginas88-113
Fecha de publicación2004-02-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaComparative Political Studies (JOURNAL)
Identificadores de la revistaISSN: 0010-4140 • E-ISSN: 1552-3829
EditorialSAGE Publications Inc (PUBLISHER)
DOI10.1177/0010414003260128
OpenAlexW1989721016
IdiomaEN
Citas recibidas3
Referencias citadas37

By investigating U.S. and German industrial adjustments, in particular, the dynamic process of transformation in the U.S. and German automotive industries, this article seeks to reconceptualize the market and politics. Although the U.S. and German automotive industries showed a strikingly similar pattern of industrial adjustments, such as deintegration of in-house production, lean production, and closely interactive market relations, these seemingly converging markets differ from the neoliberal paradigm. Although the U.S. and German markets diverge in solving conflicts emerging in the newly established markets, their differences are not predetermined by particular cultures or institutions found in each country. This article claims that market rationality and market governance are not predetermined by an abstract, universally relevant market rationality or by cultural and institutional heritages, rather that the market rationality and its governance are continuously constituted by agents’ discursive politics

Automotive industry · Corporate governance · Economic system · Economics · Economy · German · Globalization · Management · Market economy · Microeconomics · Political economy · Political science · Politics · Production (economics · Rationality · Economic and Social Issues · Labor Movements and Unions · Law · Social Policy and Reform Studies