"Currently, developed economies, with their different institutional settings and capabilities, are having to adjust to a similar set of structural changes. This article examines these major structural changes affecting developed economies and analyses how they are altering forms of competition for the various types of capitalism. It refutes the thesis according to which these changes will lead to a full convergence of countries' institutional settings. Consequently, countries have to draw on their own specific characteristics to adapt to the challenges of internationalisation and the new competitive state of affairs. "

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