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date: 25 April 2019

Abstract and Keywords

The advent of neo-corporatism has been a rare occurrence among advanced capitalist liberal democracies—and virtually unheard of elsewhere. Of the twenty or so original members of that club of rich countries, the OECD, only about one-third have managed to practice it for any length of time, despite the demonstrable benefits that this mode of interest intermediation has had for many aspects of macroeconomic performance from the end of the Second World War until the end of the 1970s. The most pervasive reason for this has been the opposition of organized business interests. Only under exceptional conditions of a “balance of class forces” between capital and labor has it emerged and persisted at the national level.

Keywords: neo-corporatism, liberal democracies, OECD, macroeconomic performance, business interests, balance of class forces

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