2003Academy of Management ReviewRequires access

Varieties of Capitalism: The Institutional Foundations of Comparative Advantage

Philip K. Porter, Peter A. Hall, David Soskice

Open publisher page 7,578 citations

Abstract

What are the most important differences among national economies? Is globalization forcing nations to converge on an Anglo-American model? What explains national differences in social and economic policy? This pathbreaking work outlines a new approach to these questions. It highlights the role of business in national economies and shows that there is more than one path to economic success.

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What are the most important differences among national economies? Is globalization forcing nations to converge on an Anglo-American model? What explains national differences in social and economic policy? This pathbreaking work outlines a new approach to these questions. It highlights the role of business in national economies and shows that there is more than one path to economic success.

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Available abstract

What are the most important differences among national economies? Is globalization forcing nations to converge on an Anglo-American model? What explains national differences in social and economic policy? This pathbreaking work outlines a new approach to these questions. It highlights the role of business in national economies and shows that there is more than one path to economic success.

Key concepts: Capitalism, Forcing (mathematics), Globalization, Work (physics), Economics, Economic system, Economic globalization, Neoclassical economics

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