Abstract
Substantial changes have been occurring and continue to occur in the structures of the economies of the developed countries. These changes are the result of both broad macroeconomic forces and the policy decisions of individual business and government organizations. These pressures for change in turn create needs for adjustments by businesses and labour — in the forms of movement of resources across and within industries as well as changes in the ownership of firms and in inter-firm linkages — and for the formulation and implementation of government policies toward the adjustment processes.
The author is grateful for the research assistance of Ms. Reena Mithal and thanks Yui Kimura and Harry Bowen for providing data. The author benefited from comments by Richard Baldwin, Richard Caves, and the editors of this book on an earlier version of this paper. All errors remain my own.
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© 1992 Palgrave Macmillan, a division of Macmillan Publishers Limited
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Pugel, T.A. (1992). A Comparative Analysis of Industrial Restructuring in Europe, the US, and Japan. In: Cool, K., Neven, D.J., Walter, I. (eds) European Industrial Restructuring in the 1990s. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-12582-1_3
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DOI: https://doi.org/10.1007/978-1-349-12582-1_3
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