Toward a Comparative Institutional Analysis of the Government‐Business Relationship
Toward a Comparative Institutional Analysis of the Government‐Business Relationship
This chapter presents an abstract model of the government-business relationship and identifies institutional structures that determine the nature and outcome of this relationship in different societies. The importance ofex antepolicy rules versusex postnegotiation is discussed. The relative merits and demerits of different types of government are assessed, and the results are used to evaluate the development performance of the relation-based Japanese system contrasted with the rule-based United States system.
Keywords: ex ante policy, ex post negotiation, Japan, United States, government types, private firms, bargaining power
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