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Creative ReconstructionsMultilateralism and European Varieties of Capitalism after 1950$
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Orfeo Fioretos

Print publication date: 2011

Print ISBN-13: 9780801449697

Published to Cornell Scholarship Online: August 2016

DOI: 10.7591/cornell/9780801449697.001.0001

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Stability and Redesign in a Coordinated Market Economy

(p.136) Chapter 6 Germany
Creative Reconstructions

Orfeo Fioretos

Cornell University Press

This chapter focuses on how the German government, in the post-war years, sought to provide firms with assurances about their access to international markets by supporting a set of multilateral institutions that protected free trade. In matters concerning the economy, Germany's support is informed by a distinct institutional rationale which promoted forms of multilateralism that would reinforce the domestic strategy of economic reconstruction. The chapter presents a summary of the direction, scope, and dominant features of reforms to the institutional architecture of the German economy after 1950. It also examines how German governments handled the reformation of key features of that architecture; how they built support within the business community; and how successful they were in creating the conditions under which the communities adopted product market strategies during periods of structural reform.

Keywords:   German governments, multilateral institutions, free trade, economic reconstruction, business community, structural reform

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