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By Vivien A. Schmidt

During this path-breaking ebook, the writer argues that eu nations' political-economic rules, practices, and discourses have replaced profoundly in keeping with globalization and Europeanization, yet they haven't converged. even if nationwide regulations may possibly now be extra related, particularly the place they stick to from universal eu regulations, they're no longer an identical. nationwide practices, even supposing relocating within the similar normal path towards larger industry orientation, remain differentiable into not only one or perhaps yet 3 different types of capitalism. And nationwide discourses that generate and legit alterations in regulations and practices not just stay precise, they topic. The booklet is a journey de strength which mixes subtle theoretical insights and cutting edge tips on how to convey that eu nations usually, yet particularly Britain, France, and Germany , have had very various reports of financial adjustment, and may proceed to take action into the long run.

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27 See, for example, Kitschelt et al. (1999); Iversen and Pontusson (2000); Regini (2000); Thelen (2001); and see Chapter 3. 34 GLOBALIZATION AND EUROPEANIZATION Fig. 3 Top 100 Multinationals By Home Country, 1992 Source: UNCTAD 1993. of the 1990s has reduced the weight of the national relative to the international. In the early 1990s, most of the largest multinational businesses still had most of their employees, assets, and shareholdings in their country of origin (Wade 1996; Hu 1992; Patel and Pavitt 1991).

10 See, for example, Caporaso (1987); Tilly (1995); Greider (1997); Krugman and Venables (1995); Clayton and Pontusson (1997); Mishra (1996). 11 See, for example, Freeman (1995); Lawrence (1997); Notermans (1993); Pierson (1996; 1998). For an overview, see Rhodes (1996). 12 See, for example, Holstein (1990); Ohmae (1990); 13 See, for example, Reder and Ulman (1993); Rodrik (1997); McKeown (1999). 14 See, for example, Doremus et al. (1998). 15 See, for example, Moene and Wallerstein (1993); Streeck (1993); Pontusson and Swenson (1996).

8). This suggests that multinational firms still have a larger stake in their home country or, in the case of EU member-states, in the region, although they have indeed become much more transnational than in the past. All of this taken together suggests that although the forces of globalization and Europeanization may press multinationals to be disloyal, they remain more vulnerable to national considerations than they might admit—even if less vulnerable than even a decade ago. It is telling that Renault, in response to European market pressures that dictated consolidation of its European operations, chose to close the then still-profitable but costly Vilvoorde plant in Belgium instead of two factories in France, which had been another unspoken but generally acknowledged option.

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