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What prospects for institutional convergence across advanced industrialized nations? Evidence from the belief systems of senior executives in Germany and Japan

Author: Witt, Michael ; Redding, GordonINSEAD Area: Asian Business and Comparative Management Series: Working Paper ; 2007/32/ABCM/EACcr Publisher: Fontainebleau : INSEAD, 2007.Language: EnglishDescription: 56 p.Type of document: INSEAD Working Paper Online Access: Click here Abstract: Drawing on a growing body of literature suggesting a linkage between belief systems ("rationale") and the shape of national institutional structures, we explore the possibility of institutional convergence in two major economies, Germany and Japan. We use ethnographic data to reconstruct the belief systems of the constituency most likely to pressure for institutional convergence, namely, leaders of major MNEs from these countries. We find that their beliefs about the ideal shape of the economy continue to differ.
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Drawing on a growing body of literature suggesting a linkage between belief systems ("rationale") and the shape of national institutional structures, we explore the possibility of institutional convergence in two major economies, Germany and Japan. We use ethnographic data to reconstruct the belief systems of the constituency most likely to pressure for institutional convergence, namely, leaders of major MNEs from these countries. We find that their beliefs about the ideal shape of the economy continue to differ.

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