Coordinated Market Economies

GPTKB entity

Statements (50)
Predicate Object
gptkbp:instanceOf Economic System
gptkbp:abbreviation gptkb:CME
gptkbp:characterizedBy collaborative wage bargaining
inter-firm networks
long-term employment relationships
strategic interaction among firms
strong vocational training systems
gptkbp:contrastsWith gptkb:Liberal_Market_Economies
gptkbp:describedBy gptkb:Varieties_of_Capitalism
gptkbp:example gptkb:Austria
gptkb:Denmark
gptkb:Germany
gptkb:Netherlands
gptkb:Sweden
gptkb:Switzerland
gptkbp:feature stakeholder capitalism
collective bargaining
consensus-based decision making
institutional complementarities
bank-based financial systems
collective skill formation
cooperation between employers and labor unions
coordinated innovation systems
coordinated research and development
coordinated vocational education
coordinated wage setting
corporate governance by stakeholders
corporatist institutions
employee representation on boards
high employment protection
high job security
high levels of social partnership
high union density
industry-level wage agreements
innovation in incremental technologies
institutionalized cooperation
limited labor market flexibility
long-term firm relationships
patient capital
regulated financial markets
relatively low income inequality
sectoral bargaining
sectoral employer associations
strong apprenticeship systems
strong welfare states
https://www.w3.org/2000/01/rdf-schema#label Coordinated Market Economies
gptkbp:theorizedBy gptkb:David_Soskice
gptkb:Peter_A._Hall
gptkbp:bfsParent gptkb:Varieties_of_Capitalism
gptkbp:bfsLayer 7