Search Results for "the-eu-economic-and-social-model-in-the-global-crisis"

The EU Economic and Social Model in the Global Crisis

The EU Economic and Social Model in the Global Crisis

Interdisciplinary Perspectives

  • Author: Dagmar Schiek
  • Publisher: Routledge
  • ISBN: 1317033434
  • Category: Law
  • Page: 224
  • View: 8489
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This book addresses the viability of the EU economic and social model within and after the global economic crisis. It identifies four key issues which warrant further discussion: (1) the asymmetry of the legal and policy framework of the euro and potential recalibration; (2) substantive tensions between the EU ’economic constitution’ and its normative aim of social justice and impacts on national policy; (3) the role of civil society, including the two sides of industry in overcoming these tensions; and (4) the EU’s global aspirations towards the creation of a viable socio-economic model. Its chapters offer two perspectives on each of the four main issues. In drawing these debates together, the book provides a broad understanding as well as starting points for future research. Bringing together different disciplinary approaches, ranging from legal studies to political economy, sociology and macroeconomics, it is a valuable contribution to the debate on the European social model and introduces new insights by focusing on legal and political tensions, the impact of the financial crisis and other economic contexts as well as global dimensions.

The European Social Model in Crisis

The European Social Model in Crisis

Is Europe Losing Its Soul?

  • Author: Daniel Vaughan-Whitehead
  • Publisher: Edward Elgar Publishing
  • ISBN: 1783476567
  • Category: Business & Economics
  • Page: 656
  • View: 6737
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This is the first book to provide a comprehensive and systematic assessment of the impact of the crisis and austerity policies on all elements of the European Social Model. This book assesses the situation in each individual EU member state on the basi

Models of Capitalism in the European Union

Models of Capitalism in the European Union

Post-crisis Perspectives

  • Author: Beáta Farkas
  • Publisher: Springer
  • ISBN: 1137600578
  • Category: Political Science
  • Page: 541
  • View: 1769
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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.

European Social Models from Crisis to Crisis

European Social Models from Crisis to Crisis

Employment and Inequality in the Era of Monetary Integration

  • Author: Jon Erik Dølvik,Andrew Martin
  • Publisher: Oxford University Press, USA
  • ISBN: 0198717962
  • Category: Political Science
  • Page: 442
  • View: 7200
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This book analyzes how the transformation of the European political economies - stretching from the crisis after German re-unification and through the Great Recession - has influenced the social models, employment, and inequality in Western Europe.

The Contradictions of Austerity

The Contradictions of Austerity

The Socio-Economic Costs of the Neoliberal Baltic Model

  • Author: Jeffrey Sommers,Charles Woolfson
  • Publisher: Routledge
  • ISBN: 131780015X
  • Category: Business & Economics
  • Page: 200
  • View: 2857
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The great financial crisis of 2008 and the ensuing global economic and financial turmoil have launched a search for "models" for recovery. The advocates of austerity present the Baltic States as countries that through discipline and sacrifice showed the way out of crisis. They have proposed the "Baltic model" of radical public sector cuts, wage reductions, labor market reforms and reductions in living standards for other troubled Eurozone countries to emulate. Yet, the reality of the Baltic "austerity fix" has been neither fully accepted by its peoples, nor is it fully a success. This book explains why and what are the real social and economic costs of the Baltic austerity model. We examine each of the Baltic States by connecting national level studies within a European and global political economy, thereby delivering comparative breadth that supersedes localized understandings of the crisis. Thus for each of the three Baltic states, individual chapters explore the different economic and social dimensions of neo-liberal post-communism and the subsequent wider global economic and financial crisis in which these newly financialized economies have found themselves especially vulnerable. The "austerity model" adopted by Baltic national governments in response to the crisis reveals the profound vulnerabilities created by their unwavering commitment to liberalized economies, not least in terms of the significant "exit" of their labor forces and consequent population loss. This book looks beyond basic financial metrics claiming a success story for the Baltic austerity model to reveal the damaging economic and social consequences, first of neo-liberal policies adopted during transition, and latterly of austerity measures based on "internal devaluation." Combined these policies undermine the possibility of longer-term recovery and even social and economic sustainability, not to mention prospects for successful integration in the now-faltering European project that has departed from its "Social Model" roots.

The EU and the Global Financial Crisis

The EU and the Global Financial Crisis

  • Author: Christian Schweiger
  • Publisher: Edward Elgar Publishing
  • ISBN: 1781003890
  • Category: Political Science
  • Page: 224
  • View: 1296
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This authoritative book offers a complete breakdown of the EUês political economy in the wake of the global financial crisis and will therefore appeal to students of European politics, international political economy and European studies, as well as po

After the Financial Crisis

After the Financial Crisis

Shifting Legal, Economic and Political Paradigms

  • Author: Pablo Iglesias-Rodriguez,Anna Triandafyllidou,Ruby Gropas
  • Publisher: Springer
  • ISBN: 1137509562
  • Category: Social Science
  • Page: 353
  • View: 7879
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This international collection studies how the financial crisis of 2007 and the ensuing economic and political crises in Europe and North America have triggered a process of change in the field of economics, law and politics. Contributors to this book argue that both elites and citizens have had to rethink the nature of the market, the role of the state as a market regulator and as a provider of welfare, the role of political parties in representing society’s main political and social cleavages, the role of civil society in voicing the concerns of citizens, and the role of the citizen as the ultimate source of power in a democracy but also as a fundamentally powerless subject in a global economy. The book studies the actors, the areas and the processes that have carried forward the change and proposes the notion of ‘incomplete paradigm shift’ to analyse this change. Its authors explore the multiple dimensions of paradigm shifts and their differentiated evolution, arguing that today we witness an incomplete paradigm shift of financial regulations, economic models and welfare systems, but a stillbirth of a new political and economic paradigm.

Values, Economic Crisis and Democracy

Values, Economic Crisis and Democracy

  • Author: Mălina Voicu,Ingvill C. Mochmann,Hermann Dülmer
  • Publisher: Routledge
  • ISBN: 1317338189
  • Category: Social Science
  • Page: 318
  • View: 6316
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For the past decade European countries have undergone a severe economic crisis, with severe consequences both for individuals and for governments. Unemployment and rising poverty have compelled individuals to reconsider their own priorities and goals, while governments have been forced to rethink social policies on the national level, as well as their international economic and political agreements. Some countries have been more deeply affected by the crisis than others, and the impact of economic shortage on individuals and governments has differed, not only because of the different magnitudes of the crisis, but also because individuals react differently to the contextual changes. This book makes use of cross-national survey data to explore the impact of wealth and economic contexts on social values. Instead of attempting to explain how aggregate changes occur (as previous volumes have done) the chapters in this collection focus on micro-level effects to interrogate more deeply the interplay between attitudes and values – and the way both can change as a result of transformation of economic context. This book elaborates on several dimensions of value change: the measurement model and the way it changes under the impact of economic shortage; the connection between universal value orientations and attitudes towards different objects (e.g. the welfare state, immigrants and ethnic groups); the effects of economic factors and vulnerability on values and attitudinal orientations; how particular political and economic contexts produce changes in political orientations. This book focuses on the interrelationship of social values, attitudes and economic scarcity in the context of the last economic crisis experienced by many European countries. It will appeal to scholars and students of sociology, political science and economics.

The EU and the Global Financial Crisis

The EU and the Global Financial Crisis

  • Author: Christian Schweiger
  • Publisher: Edward Elgar Publishing
  • ISBN: 1781003890
  • Category: Political Science
  • Page: 224
  • View: 9357
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This authoritative book offers a complete breakdown of the EUês political economy in the wake of the global financial crisis and will therefore appeal to students of European politics, international political economy and European studies, as well as po

The Aftermath of the Global Crisis in the European Union

The Aftermath of the Global Crisis in the European Union

  • Author: Beáta Farkas
  • Publisher: Cambridge Scholars Publishing
  • ISBN: 144385803X
  • Category: Business & Economics
  • Page: 285
  • View: 1424
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“This collective volume is undoubtedly a major contribution to understanding the causes and consequences of the crisis of the Euro-zone, with a special emphasis on the implications of new and not yet EMU members. A skilful combination of contrasting theoretical and policy perspectives, a refreshing interchange among academics and practitioners from a number of countries, it is a must reading for anyone seriously interested in the political economy of crisis and reform in Europe.” – László Csaba, Professor of International Political Economy, Central European University and Corvinus University of Budapest; Past President, the European Association for Comparative Economic Studies “This book offers a refreshing analysis of what is rapidly becoming Europe’s lost decade. The authors, all established experts in their fields, see light at the end of the tunnel, but it seems quite distant.” – André Sapir, Senior Fellow, Bruegel; Professor of Economics, Université libre de Bruxelles “The papers included in the volume uphold the pressing question of whether Europe can resume its role as a ‘growth and convergence engine’. Issues of growth, macro-stabilization and employment in the economically diversified internal market come in this context to the fore of the discussion. The editor of the volume, Professor Beata Farkas, skilfully brings together research focusing on diverse facets of the European economies in order to address questions such as: (1) Does one size fit all? (2) How can we change the EU budget to make it more effective? (3) Can Europe learn some lessons from the two lost decades in Japan? (4) Is inflation targeting a proper approach in defining monetary policy? (5) How do we conduct an effective fiscal policy? The added value of the volume consists in diversified methodological and conceptual perspectives employed to address the problems at hand. Ideas and arguments are presented in a novel and interdisciplinary manner. As such, the discussion that unfolds throughout the volume will be stimulating for researchers, decision-makers in the government and those in the corporate world. My recommendation is simple: take the book and read it . . .” – Katarzyna Żukrowska, Professor of International Economics and Political Science, Head of the International Security Department, Warsaw School of Economics; Member of the Prognoses Committee, Polish Academy of Science

Economic and Social Rights after the Global Financial Crisis

Economic and Social Rights after the Global Financial Crisis

  • Author: Aoife Nolan
  • Publisher: Cambridge University Press
  • ISBN: 9781107618428
  • Category: Political Science
  • Page: 414
  • View: 1279
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The global financial and economic crises have had a devastating impact on economic and social rights. These rights were ignored by economic policy makers prior to the crises and continue to be disregarded in the current 'age of austerity'. This is the first book to focus squarely on the interrelationship between contemporary and historic economic and financial crises, the responses thereto, and the resulting impact upon economic and social rights. Chapters examine the obligations imposed by such rights in terms of domestic and supranational crisis-related policy and law, and argue for a response to the crises that integrates these human rights considerations. The expert international contributors, both academics and practitioners, are drawn from a range of disciplines including law, economics, development and political science. The collection is thus uniquely placed to address debates and developments from a range of disciplinary, geographical and professional perspectives.

Economic Policy and the Financial Crisis

Economic Policy and the Financial Crisis

  • Author: Łukasz Mamica,Pasquale Tridico
  • Publisher: Routledge
  • ISBN: 1134591454
  • Category: Business & Economics
  • Page: 294
  • View: 4183
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The consequences of the global economic crisis which started in the United States in 2007-08 are still being felt in most of the advanced economies, and the mainstream tools of recovery are not having the required results. It seems that many of the after-effects of the crisis, including the instability of the financial markets, increasing public debts and limited economic growth, require new solutions from both economic policy and theory. Lower aggregate demand during the crisis increased the pressure on firms to be more competitive and at the same time, the crisis in the banking system has had a negative impact on the willingness of financial institutions to give credit to companies for investment. Therefore, the key issue for current economic policy is to find a balance between the stabilisation of public finance and maintaining the momentum of long-term growth. This book offers an evolutionary-developmental analysis, combining elements of neo-Schumpeterian economics, institutional economics and post-Keynesian economics, to show that selection processes within an economy, and the institutional rules shaping those processes, are substantially more important than usually recognised by evolutionary economic theory. Two major challenges for economic theory and policy, in particular, have emerged during the crisis. The first is the rise of unemployment coupled with growing public deficits. The second is the financial instability which threatens the permanence of economic development. This book examines the performance of the advanced economies since the crisis and explores why some of them have been more successful in tackling these challenges than others. It is argued that the reasons for the varied performances of these economies lie in the economic policies which were introduced before and in the aftermath of the crisis and the differences in the regulation of their labour markets. This volume will be of interest to students and academics in the areas of macroeconomics, public economics and public management.

The Political Economy of the European Social Model

The Political Economy of the European Social Model

  • Author: Philip Whyman,Mark Baimbridge,Andrew Mullen
  • Publisher: Routledge
  • ISBN: 0415476291
  • Category: Business & Economics
  • Page: 398
  • View: 2873
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This book seeks to analyse the development of the European Union (EU), which was founded upon the principle of the free movement of capital, goods, services and people in 1957. Its central thesis is that, from a practical and theoretical point of view, such a basis is fundamentally at odds with the creation of an interventionist regime that the construction of a social Europe would require. The authors argue convincingly that - economically: the EU does not currently possess the budget or the economic tools to pursue such a strategy; politically: close to none of the institutions of the EU have backed such a policy; practically: conservative and neo-liberal forces (among member states and the institutions of the EU) have repeatedly thwarted any moves in this direction. In reality, the Single Internal Market, Economic and Monetary Union, enlargement, the Lisbon Agenda and European Constitution projects all prioritise supply-side measures and expanding the scope of the market rather than the boosting of demand and other economic intervention. Consequently, constructing a social Europe in the face of this would appear problematic. Hence, in both theory and practice, the idea that there can be a social Europe vis-à-vis neoliberalisation is a contradiction in terms. This controversial book will be an educating and refreshing read for advanced students and academics involved with European politics, the European Union, European Economics and Economic instititutions.

Economics of European Crises and Emerging Markets

Economics of European Crises and Emerging Markets

  • Author: Peter Havlik,Ichiro Iwasaki
  • Publisher: Springer
  • ISBN: 9811052336
  • Category: Business & Economics
  • Page: 308
  • View: 8853
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This volume explores a wide range of case studies, analyses, histories, and polemics on the fate of post-socialist Europe- and why that matters to readers today. Nearly 30 years after the fall of the Berlin Wall, the post-socialist economies of the former East remain adrift, buffeted by the international financial crisis, the Ukraine crisis, and the ongoing instability in the European Union. This new book brings together a diverse range of scholars in offering a comprehensive look at the struggles faced by policymakers, economists and business people across the former East, and the ways that they responded to crisis. This volume also will be of great value to policymakers, academics, historians, and economists seeking to understand possible influence of China's One Belt One Road policy on Eastern Europe and Russia.

The European Roots of the Eurozone Crisis

The European Roots of the Eurozone Crisis

Errors of the Past and Needs for the Future

  • Author: Mario Baldassarri
  • Publisher: Springer
  • ISBN: 3319580809
  • Category: Business & Economics
  • Page: 459
  • View: 3781
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This book examines the Eurozone crisis in light of theoretical and empirical evidence. The first half explores specific theoretical contributions within a framework of growth theory models to examine the two major pillars of the European construction, the European Central Bank and the Maastricht Treaty, and seeks to explain why they are theoretically wrong. The second half presents results of counterfactual simulations using the Oxford Econometric model and estimates what the Eurozone has lost in terms of economic and social cost from 2002 to 2014 as a consequence of the super-evaluation of the Euro and the Maastricht Treaty parameters being mistakenly fixed and pursued. Finally, the author supports the urgent need to refund the European Union, up-dating The Maastricht Treaty and the ECB statute to build three concentric circles: the USE (United States of Europe), the EU (European Union), the EAFTDA (Europe/Africa Free Trade and Development Area).

Europe's Financial Crisis

Europe's Financial Crisis

A Short Guide to How the Euro Fell Into Crisis and the Consequences for the World

  • Author: John Authers
  • Publisher: FT Press
  • ISBN: 0133133745
  • Category: Business & Economics
  • Page: 130
  • View: 1104
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Will the Euro survive? Where is the European financial crisis headed? What will it mean for global and US markets? In this short book, internationally respected Financial Times journalist John Authers illuminates today's European financial crisis and the massive forces increasingly buffeting world and US economies. Authers explains why a strong recovery remains far away, why the risk of a disastrous "final" crisis remains terrifyingly real, and how investors can best navigate today's brutally challenging markets. The European Financial Crisis reveals why the 2010/2011 market rallies were so fearful, and why their underlying assumptions -- continued Chinese growth, bailouts, progress towards bank solvency, more easy "Fed" money -- have proven so tenuous. Above all, Authers shows how the Eurozone crisis uncovers today's worst unaddressed risk: the markets' loss of confidence in governments. This brief discussion offers insights into underlying flaws in the banking system and the Eurozone's structure that remain unaddressed; how cheap money and bailouts have bought time that is rapidly running out; and the increasingly frightening signs of "perverse synchronization": forex, equity, credit, and commodity markets massively moving in tandem. He also offers specific recommendations for what policymakers can and must do now to restore the long-term health of the global markets.

The European Union in Crisis

The European Union in Crisis

Explorations in Representation and Democratic Legitimacy

  • Author: Kyriakos N. Demetriou
  • Publisher: Springer
  • ISBN: 3319087746
  • Category: Political Science
  • Page: 257
  • View: 5766
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This volume is a comprehensive and rigorous exploration of intertwined issues surrounding the EU's democracy and legitimacy, written in the turbulent context of the financial crisis. The chapters are woven together under four interconnected thematic sections that examine: rapidly growing national euroscepticism; the Economic Monetary Union and its legitimacy; the future of EU integration; and democratic deficit(s) across its internal & external structure. The volume presents an authoritative collection of research results and surveys by experts in various disciplines related to the EU, and is addressed to researchers and students examining EU governance, representation and accountability, as well as practitioners across a multiplicity of fields.

European Social Models from Crisis to Crisis

European Social Models from Crisis to Crisis

Employment and Inequality in the Era of Monetary Integration

  • Author: Jon Erik Dølvik,Andrew Martin
  • Publisher: Oxford University Press, USA
  • ISBN: 0198717962
  • Category: Political Science
  • Page: 442
  • View: 2589
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This book analyzes how the transformation of the European political economies - stretching from the crisis after German re-unification and through the Great Recession - has influenced the social models, employment, and inequality in Western Europe.

The European Social Model Adrift

The European Social Model Adrift

Europe, Social Cohesion and the Economic Crisis

  • Author: Serena Romano,Gabriella Punziano
  • Publisher: Routledge
  • ISBN: 1317033213
  • Category: Social Science
  • Page: 266
  • View: 9539
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This volume presents a new perspective for discussing the European social contract and its main challenges, bringing together single-nation and comparative studies from across Europe. Presenting both theoretical discussions and empirical case studies, it explores various aspects of social cohesion, including social protection, the labour market, social movements, healthcare, social inequalities and poverty. With particular attention to the effects of the international economic and financial crisis on social cohesion, particularly in the light of the implementation of so-called ’austerity measures’, authors engage with questions surrounding the possible fragmentation of the European model of social cohesion and the transformation of forms of social protection, asking whether social cohesion continues to represent - if it ever did - a common feature of European countries. Breaking new ground in understanding the future of Social Europe and its main dynamics of change, The European Social Model Adrift will appeal to scholars of sociology, social policy and politics, with interests in social cohesion, the effects of financial crisis and the European social model.

Work and Livelihoods

Work and Livelihoods

History, Ethnography and Models in Times of Crisis

  • Author: Susana Narotzky,Victoria Goddard
  • Publisher: Routledge
  • ISBN: 1317602439
  • Category: Social Science
  • Page: 238
  • View: 8915
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This volume presents a global range of ethnographic case studies to explore the ways in which - in the context of the restructuring of industrial work, the ongoing financial crisis, and the surge in unemployment and precarious employment - local and global actors engage with complex social processes and devise ideological, political, and economic responses to them. It shows how the reorganization and re-signification of work, notably shifts in the perception and valorization of work, affect domestic and community arrangements and shape the conditions of life of workers and their families.