Large Firms and Institutional Change
Industrial Renewal and Economic Restructuring in France
By (author) Bob Hancke
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Large Firms and Institutional Change by Bob Hancke
Book DescriptionBetween 1980 and 1985, the French economy and industry faced a dramatic crisis; in the ten years that followed, it witnessed a remarkable revival. How did the French economy make this transition? While the state is still an important economic agent in France, and the market certainly has become more central in the organization of the French economy, both state- and market-centered perspectives fail to understand critical elements of this adjustment. Building on the new Varieties of Capitalism approach in political economy which puts firms at the center of the analysis, this book argues that the post-war, state-led system changed into a system organized by and around the large firms. Large firms have always been central in the French post-war economic development model. In the past, however, they adapted to patterns set by the central state. By exploiting the possibilities in government policies in different areas such as finance, labour relations, and regional policies, the large firms were able to induce their main interlocutors - the state, banks, labour unions, workers, and small firms - to adjust in a way which was congruent with their own interests. From subservient economic agents, they became the drivers of economic adjustment. Through this case study of readjustment in France, this book offers a subtle critique of neo-institutionalist perspectives on firms. Institutional frameworks do not simply offer scenarios for adjustment, but are themselves constructions of economic and political actors and therefore subject to change and reorganization. By analysing how large firms in France, arguably one of the least likely places to harbour such endogenous capacities, changed their institutional environment to fit their own needs, this book offers an important new perspective on the political economy of industrial and economic change.
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Book DetailsISBN: 9780199252053
(242mm x 162mm x 18mm)
Imprint: Oxford University Press
Publisher: Oxford University Press
Publish Date: 25-Jul-2002
Country of Publication: United Kingdom
Books By Author Bob Hancke
Unions, Central Banks, and EMU, Hardback (April 2013)
This book examines the crisis of EMU through the lenses of comparative political economy. It retraces the development of wage-setting systems in the core and peripheral EMU member states, and how these contributed to the increasing divergence between creditor and debtor states in the late 2000s.
Debating Varieties of Capitalism, Paperback (September 2009)
Hall and Soskice's Varieties of Capitalism (VoC) has become a seminal text across the social sciences in the debate about political-economic models. Here, Bob Hancke presents the key readings on VoC, including the original Hall and Soskice introduction, showing how these ideas have changed the way we look at comparative political economy.
Intelligent Research Design, Paperback (July 2009)
Offering advice to beginning doctoral researchers and advanced graduate students on how to embark on their research this lively book, which is deliberately kept jargon-free and adopts a hands-on approach to research design, addresses the problems that research students face - or ignore, often at their peril - in the course of their first few years.
Beyond Varieties of Capitalism, Paperback (June 2008)» View all books by Bob Hancke
Since the 1990s, Europe's economies have been facing new challenges: the single market programme, the collapse of the Berlin wall and Eastward enlargement, and monetary unification. Building on the influential Varieties of Capitalism perspective, this book analyzes these developments and their effects on European economies and firms.
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Author Biography - Bob Hancke
Bob Hancke studied Sociology at the Free University of Brussels and Political Economy at MIT. From 1994 to 2000 he was a research fellow at the Wissenschaftszentrum in Berlin. His research interests are the comparative analysis of economic and industrial restructuring in advanced capitalist countries; the comparative analysis of labour relations systems and trajectories of economic adjustment in advanced capitalist countries; EMU, wage bargaining systems, and macro-economic policy.
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