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Re-Forming CapitalismInstitutional Change in the German Political Economy$
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Wolfgang Streeck

Print publication date: 2010

Print ISBN-13: 9780199573981

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780199573981.001.0001

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Five Sectors

Five Sectors

(p.33) 1 Five Sectors
Re-Forming Capitalism

Wolfgang Streeck

Oxford University Press

This chapter introduces Part I of the book, which contains a comprehensive summary of the main results of up-to-date research brought about by looking at five accounts of sectoral processes, namely: collective bargaining, organizations that serve as intermediaries for both capital and labor, social policy, the evolution of governing institutions of the state, and the state of corporate governance and financial markets in Germany before and after unification. The five accounts focus on the institutional structures that affect the outcomes of public policy and the endeavors of attaining collective and individual interests. Structural properties of the institutional settings for the five accounts are discussed. The discussion points out how sectors are experiencing disorganization through decentralization, individualization, ‘segmentalism’, competitive pluralism, and other such processes where market forces replace political decisions.

Keywords:   organization, disorganization, decentralization, collective bargaining, intermediaries, social policy, governing institutions, corporate governance

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