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In Search of National Economic Success - Balancing Competition and Cooperation (Paperback)
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In Search of National Economic Success - Balancing Competition and Cooperation (Paperback)
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Recent work in comparative political economy has generated a host
of alternative explanations for variation in national economic
performance--institutional sclerosis, flexible specialization,
governance relations, etc. In each case, these explanations have
trouble accounting for more than a handful of instances. In Search
of National Economic Success uses detailed case studies with
statistical analysis to comparatively assess the "market liberal"
belief in free markets, limited government, and the tradeoff
between economic efficiency and social justice. Lane Kenworthy
argues that the key to economic success lies in combining
competition with cooperation. Among advanced industrialized
nations, the countries achieving the best economic performance
results over the past three decades have been the most committed to
combining competition and cooperation. Those faring the worst rely
predominantly on atomistic, individualistic competition. In the
end, the comparative record strongly supports a focus on
cooperation-inducing institutions. This volume will prove
invaluable to scholars and students in comparative politics,
international political economy, and comparative economics. "[This
volume] presents an alternative explanation of the cross-national
variation in performance, arguing that national economic success
lies in combining competition with cooperation." --Journal of
Economic Literature
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