80 likes | 209 Views
Chapter 12: Globalization, Convergence and Societal Specificity. Globalization Scenarios. Convergence towards the Anglo-Saxon Model Greater specialization of national models Incremental adaptation with path-dependent change Hybridization with path-deviant change.
E N D
Chapter 12:Globalization, Convergence and Societal Specificity
Globalization Scenarios • Convergence towards the Anglo-Saxon Model • Greater specialization of national models • Incremental adaptation with path-dependent change • Hybridization with path-deviant change
Table 1. Concentration in Stock Exchange Trading in International Comparison (in % of trading volume accounted for by largest 5% of corporations) Source: Deutsches Aktieninstitut, DAI Factbook, 1999: 6-4-2.
Table 2. National Capitalization (Market Value as a percentage of GNP (GDP), in 2001 (1995) Prices) for (Japan) Source: Rebérioux, 2002: 113; Tokyo Stock Exchange Fact Book, 2003 and Bank of Japan (www.boj.jp).
Table 3. Structure of ownership (% of Outstanding Corporate Equity Held by Sectors - 1998) Source: Rebérioux, 2002: 114; and Tokyo Stock Exchange, Fact Book 1999, for Japan.
Table 4. Foreign Ownership and Stable Shareholding Positions of Major Group Affiliated* and Independent Japanese Electronics and Automotive Companies (1998) Source: Yoshikawa and Phan, 2001: p. 193 and p. 195. * Groups: Mitsui, Mitsubishi, Sumitomo, Fuyo, Sanwa, DKB ** DKB: Dai-Ichi Kangyo Bank group
Table 5. Financial Assets of Institutional Investors* (as a per cent of GDP) Source: OECD: 2001. * Insurance companies, investment companies, pension funds and other forms of institutional savings.
Table 6. Portfolio Composition of Institutional Investors (as a percentage of total financial assets) Source: OECD: 2001.