The Politics of Privatization and Restructuring in Germany

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Excerpt from The Politics of Privatization and Restructuring in Germany: Lufthansa and Deutsche Telekom Recent changes in the world economy have prompted scholars and practitioners to ask whether all countries are converging on a single most efficient set of institutions for economic management. Some observers argue that the three processes driving worldwide competition - globalization, liberalization, and deregulation - and selecting for the most efficient institutions around the world. Others insist that national institutions will remain distinct for a range of reasons: domestic interest groups may protect their preferred institutional arrangements in each country, existing institutional differences may give countries distinctive national competitive advantages that, in turn, perpetuate particular growth trajectories, or existing institutional features may alter demand characteristics in ways that support persisting differences in national markets. The debate is, however, difficult to resolve at the level of cross-national comparisons. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.