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Differences between the German and Japanese Economic Institutions - Case Study Example

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The case study "Differences between the German and Japanese Economic Institutions" points out that Coordinated market economies are featured by an informal market structure where the business relationships do not depend in any way upon institutional actors or regulated hierarchies. …
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Differences between the German and Japanese Economic Institutions
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Download file to see previous pages The paper shows that since the companies do not need to operate in a government-controlled environment, they have access to an educated and trained labor force (Noel, 2004, p. 3; Pavitt, 1999, p. 5). The economies of Germany and Japan are two major examples of coordinated market economies (CMEs) in the world. Unlike the situation in the United States and the United Kingdom, these nations do not implement high-end regulations in their bank structure primarily due to the informal structure of the organisation. However, despite the integral business environment being the same, many-a-times it is difficult to conceive them as part of the same group due to the diverse nature of their economies. The present paper takes up the issue and tries to figure out the extent to which the German and Japanese economic institutions differ from each other.

Corporate governance in economic institutions located in Japan and Germany are almost similar to each other. Institutions in these nations are characterized by senior managers sitting at the head of the power unlike in the case of liberal market economies, where the culture of corporate governance is seldom found. The shareholders are the ultimate owners of the organizations, although no corporate board structure is present in them. Though the strategies which these nations abide by have rendered them to a position much behind that of the USA, the financial institutions of the former nations are believed to be fast picking up with those indigenous to the latter (Baums, Buxbaum & Hopt, 1994). Corporate governance in these nations is strengthened more due to the emphasis that company goodwill is being paid rather than in the case of liberal market economies like the USA where people are more concerned about the final pay-off only (Jackson, 2005).
Germany had been a capitalist at its heart at the time of unification. It had been one of the most popular of all economies around the world with greater exposure to the international market than that of Japan, a peer market economy.  ...Download file to see next pagesRead More
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