
Ronald Dore places recent developments in Japan in the broader context of gradual changes in modern patterns of capitalism common to all industrial societies--a process that he labels marketization plus financialization. His central focus is on the tendency for shareholder value to be preached as the sole legitimate objective of corporate executives, against the traditional aligment of Japan on the productivist, employee-favoring side of the divide.
This book investigates the divergence between shareholder-centric market capitalism and stakeholder-oriented welfare capitalism within industrialized nations. Ronald Dore, a renowned sociologist and economist, utilizes comparative analysis to examine how Japan and Germany maintain distinct corporate governance models compared to the Anglo-Saxon emphasis on financialization. He argues that the global pressure to prioritize shareholder value threatens the traditional productivist and employee-focused structures that have historically defined Japanese and German economic success.
What You Will Find
Experts recognize this work as a critical contribution to the study of comparative capitalism and institutional economics. Readers frequently note the academic rigor and the author's ability to synthesize complex sociological trends with macroeconomic policy.
Page Count:
280
Publication Date:
2000-07-13
Publisher:
Oxford University Press
ISBN-10:
0199240620
ISBN-13:
9780199240623
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