Multinational firms and industrial relations in central Europe:: An institutionalist approach

This article is based on an institutionalist approach. More exactly, the article is an extension of the "Varieties of Capitalism" analysis. The "Varieties of Capitalism" researchers distinguish two distinct economic and social systems which diverge in their institutional organization: the Coordinated Market Economies, with Germany as a reference, and the Liberal Market Economies, with the United States as prime example. The social protection, labour relations, corporate governance and skill training serve to organize an institutional architecture that is different in the two systems of capitalism. Different institutional matrixes will engage countries in original trajectories.