The disintegration of organised capitalism: German corporate governance in the 1990s.

West European Politics | October 1, 2003| | Copyright

In comparative perspective, the consensus-oriented political system of Germany is not susceptible to radical policy shifts. Constancy and continuity are also key features of the German economic system, which in the past was regarded as a role model for other nations. (1) Institutional stability may be attributed to high coherence of the institutional configuration. (2) But today, in the face of an internationalised and thus more competitive world economy and the additional economic problems related to German unification, institutional stability is more often interpreted as a ...

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