How National are Business Systems? The Role of States and Complementary Institutions in Standardizing Systems of Economic Coordination and Control at the National Level

Abstract

Abstract A central tenet of economic sociology is that cultural values and regulatory institutions help to constitute the nature of economic actors and guide their actions, thus affecting economic outcomes (see, for example, DiMaggio 1994; Smelser and Swedberg 1994). As socially organized agents operating in different kinds of societal contexts, firms and other actors are inevitably influenced by the dominant norms and conventions governing the formation of collective actors and how competition and collaboration between them is to be structured. Different societal ‘rules of the game’ governing the organization of firms and interest groups and how they interact can be expected to result in contrasting patterns of economic organization and change (Whitley 1999).

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