'Columbia University Libraries/Information Services'
Doi
Abstract
The purpose of this paper is to provide an overview of the evolutionary change of three of the major postwar economic institutions: the large firm industrial relations system; the main bank system of large firm corporate finance; and the keiretsu systems of various forms of business ties among groups of firms. In following sections I consider the conditions and circumstances that resulted in the development and flourishing of these institutions; the subsequent developments of the economy that have made these institutions less effective and in some respects now clearly inefficient; how these institutions have responded; and, in a brief conclusion, speculate how they are likely to evolve
