Models of Capitalism in the European Union Book

Models of Capitalism in the European Union

  • Author : Beáta Farkas
  • Publisher : Springer
  • Date : 2016-09-07
  • Category : Political Science
  • Pages : 541
  • ISBN : 9781137600578

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This book uses comparative economic analysis to provide a common conceptual framework for all current European Union member states. Based on empirical investigation, the author identifies the Nordic, North-western, Mediterranean, and Central and Eastern models of capitalism on the threshold of the 2008 global financial and economic crisis. The chapters also examine the resulting institutional responses to the crisis and the methods of crisis management adopted by each member state. The analysis reveals that the crisis has not triggered radical institutional change but, instead, highlighted deep institutional differences not between the old and new member states, but between the Nordic, North-western, Mediterranean, and Central and Eastern European countries. These institutional differences are so significant that they require the rethinking of European integration theory. Models of Capitalism in the European Union serves as a useful handbook for academics, advanced students, policy-makers and advisors who are interested in European economic issues.

Beyond Varieties of Capitalism Book

Beyond Varieties of Capitalism

  • Author : Bob Hancké
  • Publisher : OUP Oxford
  • Date : 2007-05-17
  • Category : Business & Economics
  • Pages : 448
  • ISBN : 9780191525681

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Since the early 1990s, Europe's economies have been facing several new challenges: the single market programme, the collapse of the Berlin wall and eastward enlargement, and monetary unification. Building on the influential Varieties of Capitalism (VoC) perspective, first elaboarted in detail in the book Varieties of Capitalism (OUP, 2001), this book critically analyzes these developments in the European political economy and their effects on the continental European economies. Leading political economists from Europe and the US debate how VoC can help understand the political-economic challenges that Europe is facing today and how understanding these new challenges can in turn enrich and enhance the VoC perspective. Thematically, the contributions to this volume are organised in four sections: * how the macro-economics of EMU have influenced different European models of capitalism, * how the Single Market programme was received in the different institutional regimes in European capitalism, * how welfare and labour market reforms are debated and implemented, * how European capitalism travelled east after 1989. Preceding this is a spirited defence of the VoC approach by Peter Hall, and an introduction from the volume editors, considering the approach, and proposing extensions and amendments. This book demonstrates that the VoC approach remains, as the editors put it in their introduction, a rich seam to mine, capable of accommodating new developments, and theoretically flexible enough to produce new and innovative hypotheses and arguments.

Is the European Union Capable of Integrating Diverse Models of Capitalism  Book

Is the European Union Capable of Integrating Diverse Models of Capitalism

  • Author : Alison Johnston
  • Publisher : Routledge
  • Date : 2021-03-31
  • Category : Political Science
  • Pages : 164
  • ISBN : 9781000373813

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The 2009 European sovereign debt crisis and the EU’s policy response to it have prompted scholars to re-think whether diverse national models of capitalism can thrive within the European Union (EU). Are some national economic systems better suited to adapt to European integration than others, and if so, why? Contributions within this volume provide a qualified yes to these questions raised, concluding that the EU favors export-led growth models while it penalizes and discourages domestic consumption-oriented growth paths, particularly those that are financed by debt-accumulation. The book questions whether the EU is capable of integrating these diverse capitalist regimes. This volume adds a comparative capitalism perspective to EU integration scholarship in order to demonstrate that ever-closer union is not capable of accommodating diversity in national economic institutions. Chapters in this volume provide an innovative framework for understanding what factors related to European integration impede the economic and political integration of diverse European market economies. While recent comparative capitalism literature highlights that European monetary integration has favored export-led growth regimes, contributions in this volume outline that the EU’s prioritization of export-led growth over domestic-demand led growth is present in other facets of integration, including EU accession, financial integration, the free movement of people, fiscal governance and the Europe 2020 growth strategy. The chapters in this book were originally published as a special issue of New Political Economy.

The Political Economy of the European Union Book

The Political Economy of the European Union

  • Author : Dermot McCann
  • Publisher : Polity
  • Date : 2010-08-16
  • Category : Business & Economics
  • Pages : 214
  • ISBN : 9780745638904

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The core business of the European Union is the creation of an integrated European market. The scale of this project is enormous, covering a wide variety of national models′ of capitalism, many of which are marked by a heavy reliance on non–market institutions to govern and co–ordinate economic activity. This book introduces students to the fundamentals of European Union policy towards these national political economic governance institutions and the challenges arising from this evolving relationship. Chapter One examines the role of institutions in governing capitalist systems. Chapter Two explores the evolution of the EU′s liberal ambition over the last five decades. Subsequent chapters then analyse the development of EU policy in relation to the governance of product, financial and labour markets. What sort of restructuring has it sought to achieve? How great a challenge do EU policies present to national practices? How effective have been its strategies of Europeanisation? In short, to what extent has it effected a liberal transformation in the institutional governance of European capitalism? At issue are fundamental questions concerning the power and status of nation–states in the context of the most ambitious experiment in co–operative regional integration yet witnessed.

Varieties of Capitalism Book

Varieties of Capitalism

  • Author : Peter A. Hall
  • Publisher : Oxford University Press
  • Date : 2001
  • Category : Business & Economics
  • Pages : 557
  • ISBN : 9780199247745

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Applying the new economics of organisation and relational theories of the firm to the problem of understanding cross-national variation in the political economy, this volume elaborates a new understanding of the institutional differences that characterise the 'varieties of capitalism' worldwide.

A triumph of failed ideas  European models of capitalism in the crisis Book

A triumph of failed ideas European models of capitalism in the crisis

  • Author : Steffen Lehndorff
  • Publisher : ETUI
  • Date : 2012
  • Category : Capitalism
  • Pages : 286
  • ISBN : 9782874522468

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The current crisis in Europe is being labelled, in mainstream media and politics, as a ‘public debt crisis’. The present book draws a markedly different picture. What is happening now is rooted, in a variety of different ways, in the destabilisation of national models of capitalism due to the predominance of neoliberalism since the demise of the post-war ‘golden age’. Ten country analyses provide insights into national ways of coping – or failing to cope – with the ongoing crisis. They reveal the extent to which the respective socio-economic development models are unsustainable, either for the country in question, or for other countries. The bottom-line of the book is twofold. First, there will be no European reform agenda at all unless each country does its own homework. Second, and equally urgent, is a new European reform agenda without which alternative approaches in individual countries will inevitably be suffocated. This message, delivered by the country chapters, is underscored by more general chapters on the prospects of trade union policy in Europe and on current austerity policies and how they interact with the new approaches to economic governance at the EU level. These insights are aimed at providing a better understanding across borders at a time when European rhetoric is being used as a smokescreen for national egoism.

Changing Models of Capitalism in Europe and the U S  Book

Changing Models of Capitalism in Europe and the U S

  • Author : Richard Deeg
  • Publisher : Routledge
  • Date : 2016-04-14
  • Category : Political Science
  • Pages : 168
  • ISBN : 9781317625629

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The volume analyzes the long-term trajectories of change in the capitalist models of the UK, Germany, Sweden, France, Italy, Hungary, Slovakia, and the United States. The case studies identify critical junctures and key periods of change in order to show how institutions are shaped by different sets of socio-political compromises and public policy. The case studies follow a common methodology, comparing change and linkages across six core institutional domains, thus facilitating a comparative understanding of the patterns and drivers of institutional change, as well as how liberalisation impacts countries in similar and dissimilar ways. The historical perspective of the cases highlights the transformative effects of relatively slow and incremental changes. These case studies also make an innovative contribution to examining the linkages between four levels of institutions that regulate the economy – the international, macro (national), meso, and micro. The volume reveals both a common trend toward more liberal forms of capitalism but also variations on this overarching trajectory. Markets themselves create their own dynamics, which have varied effects on firms and other economic actors in historically diverse institutional contexts. This book was originally published as a special issue of the Journal of European Public Policy.

Varieties of Capitalism and Europeanization Book

Varieties of Capitalism and Europeanization

  • Author : Georg Menz
  • Publisher :
  • Date : 2005
  • Category : Political Science
  • Pages : 280
  • ISBN : 0199273863

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How do ten different European countries cope with the market liberalization brought about by the European Union? How can Europeanization be re-regulated? Drawing on empirical case studies of ten European countries, this path-breaking volume challenges and contributes to existing accounts of Europeanization and varieties of capitalism.

Seeking the Best Master Book

Seeking the Best Master

  • Author : Miklós Szanyi
  • Publisher : Central European University Press
  • Date : 2020-02-01
  • Category : Business & Economics
  • Pages : 380
  • ISBN : 9789633863220

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The economic crisis of 2008–2009 signaled the end of the Post-Washington Consensus on restricting the role of the state in economic and development policy. Since then, state ownership and state intervention have increased worldwide. This volume offers a comparative analysis of the evolution of direct state intervention in the economy through state-owned companies in Austria, Brazil, France, Germany, Hungary, Poland, Turkey, Singapore, and Slovenia. Each case study includes substantial explanations of historical, cultural, and institutional contexts. All the contributors point to the complex nature of the current revival in state economic interventions. The few models that are successful cannot hide the potential problems of excessive state intervention, linked to high levels of moral hazard. State-owned enterprises are primary tools of market and price manipulation for political purposes. They can be used outright for rent seeking. Yet state-owned enterprises can also play important roles in prestigious national initiatives, like major public works or high-profile social and sports events. The authors conclude that after the uniform application of democratic market economic principles, the 2000s witnessed a path-dependent departure from standard economic and political operating procedures in developed countries.

Stakeholder Capitalism Book
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From 1 Global Ratings

Stakeholder Capitalism

  • Author : Klaus Schwab
  • Publisher : John Wiley & Sons
  • Date : 2021-01-27
  • Category : Business & Economics
  • Pages : 304
  • ISBN : 9781119756132

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Reimagining our global economy so it becomes more sustainable and prosperous for all Our global economic system is broken. But we can replace the current picture of global upheaval, unsustainability, and uncertainty with one of an economy that works for all people, and the planet. First, we must eliminate rising income inequality within societies where productivity and wage growth has slowed. Second, we must reduce the dampening effect of monopoly market power wielded by large corporations on innovation and productivity gains. And finally, the short-sighted exploitation of natural resources that is corroding the environment and affecting the lives of many for the worse must end. The debate over the causes of the broken economy—laissez-faire government, poorly managed globalization, the rise of technology in favor of the few, or yet another reason—is wide open. Stakeholder Capitalism: A Global Economy that Works for Progress, People and Planet argues convincingly that if we don't start with recognizing the true shape of our problems, our current system will continue to fail us. To help us see our challenges more clearly, Schwab—the Founder and Executive Chairman of the World Economic Forum—looks for the real causes of our system's shortcomings, and for solutions in best practices from around the world in places as diverse as China, Denmark, Ethiopia, Germany, Indonesia, New Zealand, and Singapore. And in doing so, Schwab finds emerging examples of new ways of doing things that provide grounds for hope, including: Individual agency: how countries and policies can make a difference against large external forces A clearly defined social contract: agreement on shared values and goals allows government, business, and individuals to produce the most optimal outcomes Planning for future generations: short-sighted presentism harms our shared future, and that of those yet to be born Better measures of economic success: move beyond a myopic focus on GDP to more complet

Developments in West European Politics Book

Developments in West European Politics

  • Author : Martin Rhodes
  • Publisher :
  • Date : 1997-01
  • Category : Europe
  • Pages : 363
  • ISBN : 0333651286

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Developments in West European Politics brings together specially commissioned chapters by leading authorities to provide a tightly integrated assessment of politics, government and policy set in a broad economic and social context. It focuses throughout on the impact of globalisation, West European integration and intra-European relations and the extent to which a new system of multi-level governance is emerging. Like other Developments titles it will be essential reading for students and specialists alike. Contributors include: Colin Crouch, Renaud Dehousse, Piero Ignazi, Herbert Kitschelt, Joni Lovenduski, Yves Meny, Loukas Tsoukalis

Responding to China   s Rise Book

Responding to China s Rise

  • Author : Vinod K. Aggarwal
  • Publisher : Springer
  • Date : 2014-10-29
  • Category : Political Science
  • Pages : 179
  • ISBN : 9783319100340

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In this edited volume, a set of issue and country experts tackle questions regarding China’s current rise to power within the current international economic and political order. The current international system is governed by a “Western” conception of order and based on the primacy of post–World War II rules, drawn from liberal models of capitalism and democracy practiced in the US and in Western Europe. In this context, the most important and most uncertain questions facing the West over the next decade concern how the EU and the US will respond to China’s rapid growth. Will the transatlantic relationship hold and become stronger, faced with this new economic and geopolitical challenge? Or will the US and the EU—an increasingly prominent global player—compete for economic and political advantage? After a brief introduction laying out the circumstances of China’s economic and political rise and the challenges that this poses to the existing international order, the book proceeds in three sections. The first section provides competing theoretical perspectives on China’s rise in a historical context. The second section provides a distinctly Chinese perspective on China’s current rise. The third section looks at responses from the United States and the European Union, focusing on both economic and security issues as well as the implications of China’s rise for US-EU relations. This book is relevant to both scholars and policymakers concerned with Chinese domestic politics and foreign policy, US foreign policy, EU foreign policy, China-US relations, China-EU relations, international security, international political economy and emerging markets.

The European Union and Global Capitalism Book

The European Union and Global Capitalism

  • Author : Magnus Ryner
  • Publisher : Bloomsbury Publishing
  • Date : 2016-12-16
  • Category : Political Science
  • Pages : 256
  • ISBN : 9781137608918

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This book draws on critical theory to introduce readers to ways of exploring questions about the EU from a political economy perspective, questions like: -Does the EU help or hinder Europe's 'social models' to face the challenges of globalization? - Does the EU represent a break from Europe's imperial past? - What were the causes of the Eurozone crisis?

Variegated Neoliberalism Book

Variegated Neoliberalism

  • Author : Huw Macartney
  • Publisher : Routledge
  • Date : 2010-12-15
  • Category : Political Science
  • Pages : 208
  • ISBN : 9781136862823

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We know from the cost of the 2007-09 crisis that transnational finance does not operate in a realm removed from our everyday lives. Variegated Neoliberalism explains why its inequalities persist and how they undermine more social-minded policies towards finance in the EU. The book suggests that large financial groups capitalize on broader changes in capitalism and emerging assumptions about what benefits society at large. Those pushing these political-economic projects present policy change to cope with financial globalization as a new common sense. Macartney's argument then contests these assumptions through an analysis of the spatial relations of transnational actors, and the political claims made within finance and research communities. Rather than relying on umbrella concepts like 'transnational capitalist class', Variegated Neoliberalism emphasises the national-domestic foundations for transnationalization and what we commonly understand as neoliberalism. The book provides comparative analyses of global and European banking communities, and economic research centres, in the UK, France, and Germany. It explains the constellations underpinning the current neoliberal order in global finance, and the realms of possibility for challenges to it.

The European Union and Global Capitalism Origins  Development  Crisis Book

The European Union and Global Capitalism Origins Development Crisis

  • Author : Magnus Ryner
  • Publisher :
  • Date :
  • Category : Capitalism
  • Pages : 0
  • ISBN : 1350363537

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"This book draws on critical theory to introduce readers to ways of exploring questions about the EU from a political economy perspective, questions like: -Does the EU help or hinder Europe's 'social models' to face the challenges of globalization? - Does the EU represent a break from Europe's imperial past? - What were the causes of the Eurozone crisis?."--