The Varieties of Capitalism - Liberal Market Economies - Cardiff Business School

The Case of the USA

The Varieties of Capitalism -The Comparative Advantages of Nations

Differences between different types of capitalism come to the forefront
The competitive advantage of nations (Michael Porter, 1990)
US - European capitalism (Albert 1993)
Varieties of Capitalism (Hall and Soskice, 2001)

Questions:

What explains economic performance of a country?

How to understand differences between countries

What does this mean for managers?

Capitalism in the 21st century

What are key issues?

Why is it important for managers to understand the comparative advantages of a nation?