Description
Book SynopsisThis is a book about Washington Consensus capitalism and the controversies its encroachment causes in Japan and Germany. Many people in both those countries share the assumptions dominant today in Britain and America-that managers should be intent solely on creating shareholder value and that shareholders'' financial logic alone should determine who buys what company on the stock exchange. That way efficiency (and hence global welfare) will be maximized.The Japanese and German advocates of full-bloodied market capitalism are not having it all their own way, however. In both countries there are articulate defenders of what they consider to be a better way of life, informed by a more human, more social-solidary, set of values. Dore traces the fascinating debates which ensue on corporate governance, on worker rights, on supplier relations, on cartels and anti-trust, on pensions and welfare. He also analyses actual changes in economic behaviour-an essential means of sorting out a lot of th
Trade ReviewInsightful. * Financial Adviser *
Interesting insights ... Dore has written a fascinating book on an important subject. There are so many middle-of-the-road books on the assumed merits of the Anglo-American model that it is indeed welcome, necessary and timely to see the other case made. The book deserves many readers, and they will be rewarded by highly stimulating and thought-provoking ideas and interpretations ... were it not for his commitment and involvement, we might have missed some of the most remarkable scholarship on Japan in recent decades. * Social Science Japan Journal *
Professor Dore has written a thoughtful and provocative book on how global capitalism may evolve. Whether or not you agree with him - and many economists and CEOs will not - if you are interested in the future of the world economy, you should read this book. * Jeffrey E. Garten, Dean, Yale School of Management *
Table of ContentsPART I. THE ORIGINAL JAPANESE MODEL ; PART II. CHANGE AND CONTROVERSY IN JAPAN ; PART III. GERMAN PARALLELS ; PART IV. CONCLUSION
