Over the past decade, the "German Model" of industrial organization
has been the subject of vigorous debate among social scientists and
historians, especially in comparison to the American one. Is a
"Rhenish capitalism" still viable at the beginning of the 21st
century and does it offer a road to the New Economy different from
the one, in which the standards are set by the U.S.? The author,
one of Germany's leading economic historians, analyzes the special
features of the German path to the New Economy as it faces the
American challenge. He paints a fascinating picture of Germany Inc.
and looks at the durability of some of its structures and the
mentalities that undergird it. He sees a "culture clash" and argues
against an underestimation of the dynamics of the German industrial
system. A provocative book for all interested in comparative
economics and those who have been inclined to dismiss the German
Model as outmoded and weak.
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