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Full Description
Growth and Welfare in Advanced Capitalist Economies takes stock of the major economic challenges that advanced industrial democracies have faced since the early 1990s and the responses by governments to them. It has three goals: firstly, to further our understanding of how political economies have transformed over the past decades; secondly, to analyse the contribution of governments to these changes, by looking at their growth strategies and thirdly, to highlight and analyse the role of the reforms of welfare systems in this transformative change.
In a nutshell, this book maps and provides general understanding of the evolution of growth regimes in advanced capitalist countries. It identifies five main growth regimes in contemporary advanced capitalist economies (three export-led and two domestic demand-led ones). To do so the book combines a supply side approach to economic growth as advocated by the Varieties of Capitalism Literature (OUP, 2001) with a demand side perspective as the recent discussion on growth models has exemplified. It argues that all political economies consist of growth regimes, which are based on a set of institutions that shape the supply side of the economy as well as on demand drivers such as government spending and private consumption. Both supply and demand are heavily shaped by the welfare state which provides for skills through education systems and stimulates demand through high social spending and private pension funds. The book focuses on the analysis of welfare reforms as growth strategies pursued by governments in an era characterised by financialization and the rise of the knowledge economy.
Contents
1: Anke Hassel and Bruno Palier: Tracking the Transformation of Growth Regimes in Advanced Capitalist Economies
2: Peter Hall: How Growth Strategies Evolve in the Developed Democracies
3: Lucio Baccaro and Jonas Pontusson: European Growth Models Before and After the Great Recession
4: Georg Picot: Cross-National Variation in Growth Models: Three Sources of Extra Demand
5: Fritz Scharpf: Forced Structural Convergence in the Eurozone
6: Kathleen Thelen: Producer Coalitions and National Growth Strategies
7: Cathie Jo Martin: Growth Strategies and Employers' Coalitions: Renewing Welfare States
8: Anne Wren: 1. Strategies for Growth and Employment Creation in a Services Based Economy: Skill Formation, Equality, and the Welfare State
9: Alison Johnston: Always a Winning Strategy? Wage Moderation's Conditional Impact on Growth Outcomes
10: Alexander Reisenbichler: Housing Finance Markets Between Social Welfare and Growth Strategies
11: Tom Chevalier: Growth Strategies and Youth Welfare Citizenship: Youth and Skill Policies
12: Sonja Avlijaš, Anke Hassel, and Bruno Palier: Growth Strategies and Welfare State Reforms in Europe
