Download e-book for kindle: Competing Capitalisms: Australia, Japan and Economic by Mark Beeson

By Mark Beeson

ISBN-10: 0230287158

ISBN-13: 9780230287150

ISBN-10: 0333711106

ISBN-13: 9780333711101

ISBN-10: 0333717082

ISBN-13: 9780333717080

ISBN-10: 1349411132

ISBN-13: 9781349411139

Because the finish of the chilly battle capitalism has develop into the dominant type of financial and political association around the globe. this doesn't suggest, notwithstanding, that each one kinds of capitalism are an identical. Competing Capitalisms explains why a few international locations have built very diversified different types of capitalism and what occurs after they engage. The booklet considers the exact stories of Australia's market-based, and Japan's state-led different types of capitalism and explains what this suggests for destiny foreign fiscal pageant.

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Extra resources for Competing Capitalisms: Australia, Japan and Economic Competition in the Asia-Pacific

Sample text

In this formulation, the fundamental social values and the purposes to which collective action are directed are not inevitable, but flow from a specific form of political reasoning. Second, political rationalities have an epistemological character, drawing on a specific conception of the objects to be governed. The economy, for example, is perceived and approached as an object of governance in a manner that reflects the underlying assumptions and intellectual traditions that distinguish individual nations.

This merits particular emphasis because Australia's subsequent economic developmental trajectory has been shaped by the political power of various interest groups, and not simply by the operation of universal apolitical economic forces. Australia's early and persistent reliance on commodity exports has had another important consequence that needs highlighting: Competing Capitalisms: Australia 37 Australia was and is extremely vulnerable to rapid changes in its terms of trade, or the ratio of export prices to import prices.

The lack of a coherent long-term strategy towards industrial development on the part of successive Australian governments in the postwar period - other than encouraging investment behind tariff walls - led to an industry designed to service the burgeoning domestic market rather than external ones. Car production became small scale and inefficient, with an excess of models and manufacturers. The vehicle industry's fragmented character - exacerbated by inter-state rivalries and competing subsidies - is indicative of a broader structural malaise within Australia.

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Competing Capitalisms: Australia, Japan and Economic Competition in the Asia-Pacific by Mark Beeson


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