Path dependence and financial markets: the economic geography of the German model, 1997-2003
The academic community seems divided into two camps: those who emphasise global finance and capital market integration and those who emphasise the economic geography of distinctively local regimes of accumulation. In the first instance, flows of capital and the corrosive forces of global economic competition are assumed to drive institutional convergence. In the second instance, the stability of relationships and inherited institutions presupposes the necessity of path dependence. There is ha...Expand abstract
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- The full-text of this article is not available in ORA. Citation: Clark, G. L. & Wójcik, D. (2005). 'Path dependence and financial markets: the economic geography of the German model, 1997-2003', Environment and Planning A, 37(10), 1769-1791. [Available at http://www.envplan.com/A.html].
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