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date: 21 October 2020

Abstract and Keywords

This article distinguishes between the major competitive approaches adopted by leading firms in the OECD economies in the post-war period and outlines a framework for analysing how some of the key changes in the business environment since the collapse of the Bretton Woods system have affected the conditions encouraging companies to pursue these in different contexts. It presents a taxonomy of seven ideal types of competition models that resemble many of the dominant business strategies identified in comparative studies of twentieth-century capitalisms. The article also suggests how different kinds of conditions seem likely to encourage firms to follow particular types. Next, it summarizes the major changes that have taken place in many market economies since the 1960s which have often been cited as important factors influencing institutional and business system restructuring, and indicates how they can be expected to alter these conditions, and so affect dominant competition models in different economies.

Keywords: post-war period, Bretton Woods, business strategies, capitalisms, market economies, business system

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