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 MPIfG Books



Kozo Yamamura and Wolfgang Streeck (eds.)
The End of Diversity?
Prospects for German and Japanese Capitalism

Ithaca, NY: Cornell University Press, 2003
401 pages
ISBN 0-8014-8820-6 | $ 24,95 | € 21,97 (paperback)
ISBN 0-8014-4088-2 | $ 49,95 | € 43,98 (hardcover)
Read preface [PDF], Table of contents [PDF]


" 'Persistence of many capitalisms' is the key message of this admirably lucid, forceful, and most timely volume by a formidable hybrid team. This is a very well-argued book on divergent capitalisms amidst the seemingly irresistible sway of the globe-flattening Anglo-Saxon market capitalism."
Takashi Inoguchi, Professor, University of Tokyo and Editor, Japanese Journal of Political Science


Abstract | Contents | Editors | Contributors




After the devastation of World War II, Germany and Japan built national capitalist institutions that were remarkably successful in terms of national reconstruction and international competitiveness. Yet both "miracles" have since faltered, allowing U.S. capital and its institutional forms to establish global dominance. National varieties of capitalism are now under intense pressure to converge to the U.S. model. Kozo Yamamura and Wolfgang Streeck have gathered an international group of authors to examine the likelihood of convergence—to determine whether the global forces of Anglo-American capitalism will give rise to a single, homogeneous capitalist system. The chapters in this volume approach this question from five directions: international integration, technological innovation, labor relations and production systems, financial regimes and corporate governance, and domestic politics.

In their introduction, Yamamura and Streeck summarize the crises of performance and confidence that have beset German and Japanese capitalism and revived the question of competitive convergence. The editors ask whether the two countries, confronted with the political and economic exigencies of technological revolution and economic internationalization, must abandon their distinctive institutions and the competitive advantages these have yielded in the past, or whether they can adapt and retain such institutions, thereby preserving the social cohesion and economic competitiveness of their societies.




Introduction: Convergence or Diversity? Stability and Change in German and Japanese Capitalism
Wolfgang Streeck and Kozo Yamamura

Germany and Japan: Binding versus Autonomy
Erica R. Gould and Stephen D. Krasner

Regional States: Japan and Asia, Germany in Europe
Peter J. Katzenstein

Germany and Japan in a New Phase of Capitalism: Confronting the Past and the Future
Kozo Yamamura

The Embedded Innovation Systems of Germany and Japan: Distinctive
Features and Futures
Robert Boyer

The Future of Nationally Embedded Capitalism: Industrial Relations in Germany and Japan
Kathleen Thelen and Ikuo Kume

Transformation and Interaction: Japanese, U.S., and German Production Models in the 1990s
Ulrich Jürgens

From Banks to Markets: The Political Economy of Liberalization of the German and Japanese Financial Systems
Sigurt Vitols

Corporate Governance in Germany and Japan: Liberalization Pressures and Responses during the 1990s
Gregory Jackson

The Re-Organization of Organized Capitalism: How the German and Japanese Models Are Shaping Their Own Transformations
Steven K. Vogel

Competitive Party Democracy and Political-Economic Reform in Germany and Japan: Do Party Systems Make a Difference?
Herbert Kitschelt



Kozo Yamamura is the Job and Gertrud Tamaki Professor Emeritus of Japanese Studies at the University of Washington. Among his many books is Asia in Japan's Embrace.

Wolfgang Streeck is Director of the Max Planck Institute for the Study of Societies in Cologne. Together, they edited The Origins of Nonliberal Capitalism: Germany and Japan in Comparison, also from Cornell.




Robert Boyer

Erica R. Gould
University of Virginia

Gregory Jackson
RIETI, Tokyo
Ulrich Jürgens
Wissenschaftszentrum Berlin

Peter J. Katzenstein
Cornell University
Herbert Kitschelt
Duke University

Stephen D. Krasner
Stanford University

Ikuo Kume
Kobe University

Wolfgang Streeck
Max Planck Institute for the Study of Societies, Cologne

Kathleen Thelen
Northwestern University

Sigurt Vitols
Wissenschaftszentrum Berlin

Steven K. Vogel
University of California-Berkeley

Kozo Yamamura
University of Washington–Seattle

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