Competition Forces and Institutional Structure in the UK and Germany

The term ‘globalisation’, which has been the subject of much public debate for some time now, triggers a mixed reaction in many people. They associate it on the one hand with worldwide trade in goods, new opportunities for travel and an unrestricted exchange of information. But globalisation also means the disappearance of old orders. National policies reach their limits earlier and more often when there is transnational freedom for people, capital and management. This is often a source of fear and resistance.