Germany and the Limits of Organized Capitalism

Francesca Carnevali

in Europe's Advantage

Published in print September 2005 | ISBN: 9780199257393
Published online September 2006 | e-ISBN: 9780191603846 | DOI:
Germany and the Limits of Organized Capitalism

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This chapter analyses the reasons for the persistence of small firms in Germany after 1945 and of the ‘decentralized industrial order’. Crucial to this persistence has been the role played by government policy in preserving and strengthening the links between small firms and local and regional banks.

Keywords: decentralized industrial order; mittelstand; savings banks; cooperative banks

Chapter.  8929 words. 

Subjects: Economic History

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