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This essay argues that economic systems should be defined in terms of clusters of complementary institutions. To show how such an approach can be carried out, I use a cluster analysis technique and data on forty different economic institutions in OECD nations to isolate four quite different...
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The performance of the Philippine automotive industry has steadily improved after the Asian crisis. However, relative to the performance of the automotive industry in other countries, the automotive sector in the country has languished. To understand the challenges being faced by the automotive...
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The development of the Philippine automotive parts and components sector is critical to the automotive assembly industry. The availability of competitive parts and components that are locally manufactured can significantly contribute to boost the competitiveness of the assembly sector. Given the...
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Globalisation and the ageing of the work force represent a dual challenge for enterprises. The first exerts pressure on production costs in order to stay competitive, the second raises production costs as the productivity of workers tends to decline after a certain age, particularly for...
Persistent link: https://www.econbiz.de/10011435206
This paper suggests a two-dimensional concept of nonliberal capitalism: coordinated capitalism (as described in the … varieties of capitalism framework) and organized capitalism. While the coordination function of institutions canalizes … interests, class interests, or political interests). I construct an index on organized capitalism by combining data on ownership …
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