The Rise and Fall of the Golden Age
The Rise and Fall of the Golden Age
This chapter focuses on the six major OECD countries — France, Germany, Italy, Japan, United Kingdom, and United States — during the ‘golden age’ and its aftermath. It follows the ‘regulation’ approach invented by French economists such as Michel Aglietta, Robert Boyer, and Alain Lipietz, and developed as well by Americans such as David Gordon and Michael Piore. It highlights the emphasis on the interaction of internal and external forces, forces operating within each country and forces operating in the international arena. It discusses how once mutually reinforcing institutional structures became mutually destructive.
Keywords: OECD countries, France, Germany, Italy, Japan, United Kingdom, United States, regulation
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