Changing Japanese Capitalism: Societal Coordination and Institutional Adjustment
Michael A. Witt, CHANGING JAPANESE CAPITALISM: SOCIETAL COORDINATION AND INSTITUTIONAL ADJUSTMENT, Cambridge University Press, 2006
26 Pages Posted: 6 Sep 2008 Last revised: 21 Dec 2009
Date Written: 2006
This book analyzes the dynamics of institutional change in Japan during the 1990s and the early 2000s. In doing so, it presents a coevolutionary model of institutional change, and it argues that the characteristics of institutional change -- especially speed -- in Japan and other advanced industrialized countries are mediated by societal coordination (aka "strategic coordination"), a construct from the varieties of capitalism literature.
The book further contains a detailed exploration of social networks in Japan, which are a key enabler of coordination. In particular, it offers the first empirical survey of a ubiquitous, but previously unexplored, type of social networks in business, intra-industry loops.
Keywords: institutional change, social networks, varieties of capitalism, comparative business system, coevolution, institutions, convergence, globalization, social networks, intra-industry loops, keiretsu, R&D cooperatives, R&D consortia, Japan, Germany, United States of America
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