On Wed, Jan 14, 2004 at 01:50:41PM +0800, Grant Lee wrote:
> From: <dredmond at efn.org>
>
> > The keiretsu are not small, premodern units of production -- the Japanese
> > keiretsu alone make up probably a third of Japan's manufacturing output,
> and the
> > globally competitive, high-tech third at that. Keiretsu-like structures
> are
> > beginning to show up elsewhere in East Asia
>
> Just like the German _kartellen_ of the late 19th C and early 20th C ---
> Siemens, Krupp, IG Farben, AEG, Thyssen, etc --- which gave the German
> economy a quite different structure to the British or US examples. One of my
> professors, a German, referred to this phenomenon as "lumps in development".
> There really is nothing new under the sun.
>
> (cf) Hermann Levy, 1934, _Industrial Germany_
> http://socserv.mcmaster.ca/econ/ugcm/3ll3/levy/Germany.pdf
>
>
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-- Michael Perelman Economics Department California State University Chico, CA 95929
Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu