Continuity and change: making sense of the German model

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Acknowledgements

The author would like to acknowledge the significant contribution of Ute Duderstadt-Gries in helping to organize the workshop from which this collection of papers originates, as well as in assisting in the preparation of the papers. Thanks also to Julie Froud and Sukhdev Johal for their encouragement and support.

Notes

Although appearing much later, Hall and Soskice (2001) have taken this line of reasoning the furthest and argued that that there are two types of advanced capitalism. Germany is exemplary of co-ordinated market capitalism, which involves a high degree of co-operation between firms, while the USA and UK are paradigmatic of liberal market capitalism, which is governed much more by markets.