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Abstract

Industrialized economies such as the Anglo-American, German and Japanese have adopted market capitalism within which different types of socio-economic and political institutions have evolved. Such embeddedness within socio-economic and political institutions has varied over three industrial revolutions, dictated by factors unique to each but operating within the framework of the market. In this era of the third industrial revolution, we witness the growing integration of markets through globalization, impelled by evolving communication and information technology.

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© 2002 R. C. Mascarenhas

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Mascarenhas, R.C. (2002). Comparative Perspective of Industrial Capitalism. In: A Comparative Political Economy of Industrial Capitalism. Palgrave Macmillan, London. https://doi.org/10.1057/9780230597808_11

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