Is Polder-Type Governance Good for You?: Laissez-Faire Intervention, Wage Restraint, And Dutch Steel

This paper searches for the origins of the relatively successful performance of Hoogovens, the only sizeable steel firm in the Netherlands. It is suggested that Hoogovens has at critical moments benefited substantially from both strategic and financial support, but was basically left to decide its own policies. Luckily, it mostly opted for 'right' policies so that the industry's decline hit less hard in the Netherlands than elsewhere thus making it less necessary to develop emergency programmes. More specifically, Hoogovens chose to diversify into the aluminium market at a relatively early sta... Mehr ...