Contrasting Forms of Coordination in the Steel Industry: Germany, Japan, and the United States (1950–74)
Contrasting Forms of Coordination in the Steel Industry: Germany, Japan, and the United States (1950–74)
The chapter outlines the extensive mechanisms of coordination that governed the steel industry in the US, Germany and Japan between 1950-1974. All three industries shared a propensity for coordination over market mechanisms in industry governance, though they utilized different forms of coordination. The chapter debunks the Varieties of Capitalism idea that industry in the US is primarily organized by firms and arms length market relations. All three cases are examples of coordinated capitalism. But they coordinate in different ways.
Keywords: steel industry, varieties of capitalism, anti trust, industrial relations, steel technology, industry – state relations, US, Germany, Japan
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