POLI SCI 240 Lecture Notes - Lecture 18: Consensus Decision-Making, Daimler-Benz, Corporatism
29 Mar 2018
School
Department
Course
Professor
Document Summary
Must consider if different versions have converged. Example: japan has laws that require switching planes so fedex has low efficiency (high transaction costs) prevents trade of certain companies in japan. Individuals take actions but are influenced by govt. Eg. if the government changes tax sheltering of 401k. When you can"t take more than a certain amount of money. So individuals put money in citibanks banks give low interest rate loans to firms and outside of country firms give stock options. These firms are are allied with other firms (cross-holding) Firms have a significant portion of financing comes from financial institutions (banks) Us vs. japan: notice what is important to firms in both america and japan. Advantages (for people within economies like japan) Disadvantages (for economic system that has strong allied partnership system (eg. japan)) Difference from japanese model: cooperation is at the level of the private sector. Strong labor unions and civil servant organizations.
