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Governments, markets, and growth : financial systems and the politics of industrial change /

Zysman, John,

Governments, markets, and growth : financial systems and the politics of industrial change / John Zysman. - 358 pages ; 25 cm. - Cornell studies in political economy .

Includes bibliographical references and index.

Cover; Contents; Preface; PART I. THE ARGUMENT; 1. The State in the Marketplace; 2. Finance and the Politics of Industry; PART II. THE EVIDENCE; 3. The Interventionist Temptation: The French Case; 4. The Unsettling Agenda: The British Case; 5. Generalizing the Argument: Japan, West Germany, and the United States; PART III. CONCLUSION; 6. Finance, Adjustment, and Political Crisis: Concluding Remarks; Appendix; Notes; Index; A; B; C; D; E; F; G; H; I; J; K; L; M; N; O; P; R; S; T; U; W.


The deterioration in the economic performance of the advanced industrial democracies during the 1970s provoked an intense debate about the role of government in economic adjustment and growth. In Governments, Markets, and Growth, John Zysman makes a significant contribution to our understanding of these critical international issues by demonstrating that there is a direct relationship between a nation's financial system and its government's ability to restart the growth engine. Professor Zysman argues that there are three distinct types of financial systems, each with different consequences for the political ties between financial markets, industry, and government. Zysman tests his argument by analyzing and comparing the patterns of industrial adjustment in five advanced nations. He contrasts the differing strategies of industrial adjustments primarily in France and Great Britain, but also in Japan, West Germany, and the United States. Governments, Markets, and Growth will be invaluable to the international banking and business community, a wide variety of government officials, and students of political science, economics, and business administration.

0801415977

82049269


Economic policy.
Industrial policy.
Economic development.
Finance.

338.9 / Z.G.J