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Contrary to the explanations offered by the theory of non-reflexive, path-dependent institutionalism, the U.S. and the German automotive industries undertook strikingly similar patterns of industry modification under tough international competition during the 1990s, departing from their traditional national patterns. By investigating the processes of the U.S. and German adjustments, the author critically reconsiders the prevalent paradigms of political economy and comes to the conclusion that the evidence does not confirm the neoliberal paradigm. In order to better account for the...

This book documents various patterns of re-constructing national economies in corporate globalization. As international competition toughens, major national corporations have been forced to reorganize themselves beyond their national boundaries in order to survive. The problem is that a serious tension arises between these national corporations’ self-interests and the overall interests of their national economies. Contrary to neoliberal optimism and nationalist pessimism, globalization does not lead to natural upgrade or denationalization. This book examines how three nations, including...