There are long standing debates as to whether any economic system outperforms others
Also, debates on the contribution of industrial relations to economic performance
In the 1980s, the German and Japanese systems were praised
In the 1990s, the U.S. system was praised for its flexibility and entrepreneurialism
As unemployment dropped to historic lows, some claimed that traditional markets had been replaced by “boundaryless” careers (i.e., frequent job changes)
When the dot.com bubble burst in 2000, the U.S. system was criticized for giving too much authority to corporate executives, and that unions were unable to reign them in