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: 4935
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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: 9631
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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

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: 523
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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: 8913
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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

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: 1384
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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: 6562
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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.

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: 5179
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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 Crisis of the European Union

The Crisis of the European Union

Challenges, Analyses, Solutions

  • Author: Andreas Grimmel
  • Publisher: Routledge Advances in European Politics
  • ISBN: 9781138215641
  • Category: European Union countries
  • Page: 320
  • View: 4606
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The European integration project currently faces profound political, economic, legal, and societal challenges. These challenges seem increasingly to overburden the European Union as well as the cohesion among the Member States, and therefore pose a serious threat to the integration project. The EU faces a major task in coping with this situation and it is one that calls for new approaches and ideas This book addresses the major challenges confronting the EU, analyses the consequences for the integration project, and develops fresh perspectives on the EU�s future prospects for coping with the most debated, current and upcoming issues, such as the rise of Euroscepticism or the contested idea of an �ever-closer union�. Renowned experts in European Studies from the fields of political science, law, economics and sociology provide an interdisciplinary perspective on the different dimensions of the EU�s crisis-laden situation and question whether the EU�s existing problem-solving mechanisms and methods are sufficient to address the imminent tasks. This text will be of key interest to scholars and students of EU Politics, European Politics, European Governance, and more broadly European law, history and the wider social sciences.

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: 8527
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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.

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: 3130
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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 Economic Crisis and Its Aftermath in the Nordic and Baltic Countries

The Economic Crisis and Its Aftermath in the Nordic and Baltic Countries

Do as We Say and Not as We Do

  • Author: Hilmar Hilmarsson
  • Publisher: Routledge
  • ISBN: 9781857439649
  • Category:
  • Page: 230
  • View: 9327
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Why focus on the Nordic countries and the Baltic States? The Nordic-Baltic region has become highly integrated. The Nordic countries have been successful in balancing competitiveness and economic growth with social inclusiveness, while the Baltic States have grown economically but remain vulnerable with weak social systems and highly unequal income distribution. European Union (EU) membership and inter-linkages with the continental Nordic banking systems appear to have affected the 2008/09 crisis response of the Baltic States. In spite of their strengths, including their social systems, continental Nordic states are faced with a challenging mix of large, cross-border banks and highly indebted households at a time of rather weak global growth. The Baltic States are challenged by rather slow economic growth post-crisis, security concerns, and large-scale outward migration of the youngest and best educated people. The Baltic States regained their independence a quarter of a century ago and it is now a decade since they were hit by the global crisis. It is time to take stock of their progress and assess their relations with other countries in the region and with the EU. This book focuses on the Baltics and their Nordic partners pre- and post-crisis: successes, failures, lessons learned, and future challenges, examining and comparing the crisis response of these various small states that enjoy different income levels, operate different welfare and tax systems, and seek different levels of integration with the EU.

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: 7896
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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.

After the Financial Crisis

After the Financial Crisis

Shifting Legal, Economic and Political Paradigms

  • Author: Pablo Iglesias-Rodriguez,Anna Triandafyllidou,Ruby Gropas
  • Publisher: Palgrave Macmillan
  • ISBN: 9781137509543
  • Category: Social Science
  • Page: 353
  • View: 7342
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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.

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: 7411
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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.

Growth, Crisis, Democracy

Growth, Crisis, Democracy

The Political Economy of Social Coalitions and Policy Regime Change

  • Author: Hideko Magara
  • Publisher: Taylor & Francis
  • ISBN: 1315408414
  • Category:
  • Page: N.A
  • View: 9404
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Since the global financial crisis of 2008, advanced economies have been making various efforts to overcome the economic impasse. While the contrast between the countries that have escaped from the crisis relatively quickly and those still suffering from serious problems is becoming clearer, a new economic crisis stemming from newly emerging economies has again impacted advanced economies. In retrospect, both leftist and rightist governments in advanced economies pursued expansive macroeconomic and welfare policies from the post-WWII period to the oil shocks of the 1970s. While we recognise that the particular policy regime in this 'Golden Decades' during which the left and the right implemented similar policies cross-nationally, were characterised by outstanding economic growth in each country, the specific growth patterns varied across countries. Different social coalitions underpinned different growth models. This book is premised on tentative conclusions that Magara and her research collaborators have reached as a result of three years of study related to our previous project on economic crises and policy regimes. Recognising the need to analyse fluid and unstable situations, we have set up a new research design in which we emphasise political variables-whether political leaders and citizens can overcome the various weaknesses inherent in democracy and escape from an economic crisis by establishing an effective social coalition. A new policy regime can be stable only if it is supported by a sufficiently large coalition of social groups whose most important policy demands are satisfied within the new policy regime.

Work and Livelihoods

Work and Livelihoods

History, Ethnography and Models in Times of Crisis

  • Author: Susana Narotzky,Victoria Goddard
  • Publisher: Taylor & Francis
  • ISBN: 1317602447
  • Category: Social Science
  • Page: 224
  • View: 8498
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Winner of the Society for the Anthropology of Work book prize 2017 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.

The Political Economy and Media Coverage of the European Economic Crisis

The Political Economy and Media Coverage of the European Economic Crisis

The case of Ireland

  • Author: Julien Mercille
  • Publisher: Routledge
  • ISBN: 1317952111
  • Category: Business & Economics
  • Page: 210
  • View: 8172
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The European economic crisis has been ongoing since 2008 and while austerity has spread over the continent, it has failed to revive economies. The media have played an important ideological role in presenting the policies of economic and political elites in a favourable light, even if the latter’s aim has been to shift the burden of adjustment onto citizens. This book explains how and why, using a critical political economic perspective and focusing on the case of Ireland. Throughout, Ireland is compared with contemporary and historical examples to contextualise the arguments made. The book covers the housing bubble that led to the crash, the rescue of financial institutions by the state, the role of the European institutions and the International Monetary Fund, austerity, and the possibility of leaving the eurozone for Europe’s peripheral countries. Through a systematic analysis of Ireland’s main newspapers, it is argued that the media reflect elite views and interests and downplay alternative policies that could lead to more progressive responses to the crisis.

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: 4632
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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

International Responses to Issues of Credit and Over-indebtedness in the Wake of Crisis

International Responses to Issues of Credit and Over-indebtedness in the Wake of Crisis

  • Author: Dr Therese Wilson
  • Publisher: Ashgate Publishing, Ltd.
  • ISBN: 1409473392
  • Category: Law
  • Page: 272
  • View: 9411
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This book explores the political, economic and regulatory context in which credit regulation is taking place following the global financial crisis. It suggests that current neoliberal economic policies favour multi-national corporations rather than consumers and examines regulatory responses to the internationalization of consumer finance protection. Detailing how EU consumers have been affected by national economic conditions, the book also analyses the lending regimes of Europe, Australia, the US and South Africa and offers suggestions for responsible lending to avoid over-indebtedness and corrupt mortgage-lending. Finally, new approaches and directions for consumer credit regulations are outlined, such as protection for small businesses, protection against risky credit products, reorganization of mortgage securitization and the possibility of a partnership model to address financial exclusion. The book includes contributions from leading names in the field of consumer law and will be invaluable to those interested in banking, business and commercial law.

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: 5235
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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