Small States in World Markets

Small States in World Markets

Industrial Policy in Europe

By the early 1980s the average American had a lower standard of living than the average Norwegian or Dane. Standards of living in the Netherlands, Belgium, Sweden, Switzerland, and Austria also rivaled those in the United States. How have seven small democracies achieved economic success and what can they teach America?

In Small States in World Markets, Peter Katzenstein examines the successes of these economically vulnerable nations of Western Europe, showing that they have managed to stay economically competitive while at the same time preserving their political institutions. Too dependent on world trade to impose protection, and lacking the resources to transform their domestic industries, they have found a third solution. Their rapid and flexible response to market opportunity stems from what Katzenstein calls "democratic corporatism," a mixture of ideological consensus, centralized politics, and complex bargains among politicians, merest groups, and bureaucrats.

Democratic corporatism is the solution these nations have developed in response to the economic crises of the 1930s and 1940s, the liberal international economy established after World War II, and the volatile markets of more recent years. Katzenstein maintains that democratic corporatism is an effective way of coping with a rapidly changing world, a more effective way than the United States and several other large industrial countries have yet managed to discover.

Peter J. Katzenstein

Peter J. Katzenstein is Walter S. Carpenter, Jr. Professor of International Studies at Cornell University. His books include A World of Regions, Beyond Japan, Cultural Norms and National Security, and Small States in World Markets, all from Cornell.


Cultural Norms and National Security
Police and Military in Postwar Japan
Peter J. Katzenstein
Nonviolent state behavior in Japan, this book argues, results from the distinctive breadth with which the Japanese define security policy, making it inseparable from the quest for social stability through economic growth. While much of the...



A World of Regions
Asia and Europe in the American Imperium
Peter J. Katzenstein
Katzenstein argues that regions have become critical to contemporary world politics, challenging those who emphasize the purportedly stubborn persistence of the nation-state or the inevitable march of globalization.



Cultural Norms and National Security
Police and Military in Postwar Japan
Peter J. Katzenstein
Nonviolent state behavior in Japan, this book argues, results from the distinctive breadth with which the Japanese define security policy, making it inseparable from the quest for social stability through economic growth. While much of the...



Small States in World Markets
Industrial Policy in Europe
Peter J. Katzenstein
Katzenstein maintains that democratic corporatism is an effective way of coping with a rapidly changing world - a more effective way than the United States and several other large industrial countries have yet managed to...



A World of Regions
Asia and Europe in the American Imperium
Peter J. Katzenstein
Katzenstein argues that regions have become critical to contemporary world politics, challenging those who emphasize the purportedly stubborn persistence of the nation-state or the inevitable march of...





Contributions:

Anti-Americanisms in World Politics
A distinguished group of experts, including historians, polling data analysts, political scientists, anthropologists, and sociologists, to explore global anti-Americanism in depth, using both qualitative and quantitative...



Beyond Japan
The Dynamics of East Asian Regionalism
This book argues that East Asia's regional dynamics are no longer the result of a simple extension of any one national...



Beyond Japan
The Dynamics of East Asian Regionalism
This book argues that East Asia's regional dynamics are no longer the result of a simple extension of any one national...



Tamed Power
Germany in Europe
Revolutionary changes in global and European politics have reawakened old fears that Europe will be dominated by an unpredictable German giant. The same changes have fueled new hopes for Germany and Europe as models of political pluralism in...



Tamed Power
Germany in Europe
Revolutionary changes in global and European politics have reawakened old fears that Europe will be dominated by an unpredictable German giant. The same changes have fueled new hopes for Germany and Europe as models of political pluralism in...



Network Power
Japan and Asia
This book examines regional dynamics in contemporary east and southeast Asia, scrutinizing the effects of Japanese dominance on the politics, economics, and cultures of the area. The contributors ask whether Japan has now attained, through...



Network Power
Japan and Asia
This book examines regional dynamics in contemporary east and southeast Asia, scrutinizing the effects of Japanese dominance on the politics, economics, and cultures of the area. The contributors ask whether Japan has now attained, through...



Industry and Politics in West Germany
Toward the Third Republic
Under the editorship of Peter J. Katzenstein, thirteen distinguished scholars from both sides of the Atlantic here provide an original interpretation of the political economy of the Bonn Republic during the forty years since its founding, and explore in particular its extraordinary capacity for accommodating...



Industry and Politics in West Germany
Toward the Third Republic
Under the editorship of Peter J. Katzenstein, thirteen distinguished scholars from both sides of the Atlantic here provide an original interpretation of the political economy of the Bonn Republic during the forty years since its founding, and explore in particular its extraordinary capacity for accommodating...