Employment 'Miracles': A Critical Comparison of the Dutch, Scandinavian, Swiss, Australian and Irish Cases Versus Germany and the Us

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August 2005



Why did some economies experience a boom in the 1990s? Discussing this crucial question, "Employment 'Miracles' "comparatively analyzes select "miracle" economies. The contributors critically analyze how the small sizes and institutional structures of seven countries--including the Netherlands, Denmark, and Ireland--accounted for their success and their status as economic models. Comparisons to the American and German markets reveal how differing policies--liberal versus corporatist/social democratic--determine job growth and levels of income inequality and poverty. The book also stresses the relevance of fortuitous circumstances such as the housing-price bubble. "Employment 'Miracles'" is an important resource for political scientists and economists in their study of national economies.


Table of Contents - 6[-]Preface - 10[-]1 Introduction:Miracles,Mirages and Markets - 12[-] Introduction - 12[-] Luck, pluck and stuck in the employment miracles - 17[-] Globalisation and the miracles - 20[-] A specific (corporatist) variety of capitalism? - 26[-] What the chapters say - 35[-]2 The Dutch Model:Magic in a Flat Landscape? - 40[-] Introduction - 40[-] Labour market performance - 43[-] Economic performance - 46[-] Social outcomes - 49[-] Policies, the model and the results - 53[-] Conclusion: luck, pluck or stuck? - 59[-]3 Employment and Unemployment in Denmark and Sweden:Success or Failure for the Universal Welfare Model? - 66[-] Introduction - 66[-] Employment and unemployment: what happened? - 67[-] Unemployment and employment policies - 73[-] Policies and outcome - Is there a link? - 78[-] Conclusions - 81[-]4 The Evolution of the Finnish Model in the 1990s : From Depression to High-Tech Boom - 88[-] Introduction - 88[-] The background of the Finnish miracle: the economic crisis of the 1990s - 90[-] Political response to the crisis - 94[-] The recovery and the Finnish 'miracle' - 95[-] Structural issues:welfare state and labour market institutions - 104[-] The Nordic welfare state: Good to economic growth? - 105[-] Labour market institutions and corporatism - 106[-] Conclusion - 108[-]5 The Swiss Miracle:Low growth and high employment - 112[-] Introduction - 112[-] Corporatism in a fragmented polity - 112[-] A coordinated market economy? - 115[-] Recent developments - 116[-] Economic and labour market development - 118[-] Disentangling the Swiss 'miracle' - 122[-] An expanding welfare system - 128[-] Conclusion - 131[-]6 Recasting the Story of Ireland's Miracle:Policy,Politics or Profit? - 134[-] The constituents of economic growth and development - 135[-] Possible explanations - 138[-] The costs: sustainability? - 146[-] The significance of the Irish case - 153[-]7 The Australian Miracle:Luck,Pluck or Being Stuck Down Under? - 158[-] Introduction - 158[-] Exports and the current account balance - 166[-] Employment and collective bargaining - 172[-] Fiscal balance - 179[-] Conclusion - 182[-]8 Last Year's Model? Reflections on the American Model of Employment Growth - 184[-] Introduction - 184[-] An American success story 185 - 186[-] The American model - 190[-] Limits to the liberal market economy model - 196[-] Conclusion - 203[-]9 The German Contrast.On Bad Comparisons,Special Circumstances,Luck and Policies That Turned Out to Be Wrong - 206[-] 'Germany isn't working' - 206[-] The German economy in comparison - 209[-] A bad employment record because of labour market and welfare rigidities? - 212[-] Accidental circumstances: housing bubble versus unification - 218[-] On strong German regions - 224[-] Prospects and possible lessons from the 'model cases' - 228[-]10 Conclusion:The Importance of Lucky Circumstances,and Still the Liberal-Social Democratic Divide - 232[-] In sum - 232[-] Recent developments and prospects - 234[-] What is to be learned? - 240[-] 'Competitive Corporatism'? - 242[-] Still the liberal-social democratic divide - 245[-]Contributors - 280[-]Index - 284[-]Bibliography - 250




Employment "miracles" challenges the conventional wisdom that full employment and good overall economic performance is a function of a particular recipe of policies and institutions. To the extent that deliberate policies have played a role in recent success stories, they are embedded in nationally specific social, economic, and political institutions, which cannot be easily emulated. The book therefore offers a stern warning against the temptation, so rarely resisted, to draw sweeping generalizations from particular national "models." But while there is no magic bullet, the book is optimistic about the capacity of countries with very different institutions to be successful in a fiercely competitive global economy. There is no necessary tradeoff between competitiveness and a large redistributive welfare state, and success is not synonymous with US-style deregulation. This is a point that is brought out in a nuanced and insightful fashion by the individual country chapters. Anyone interested in understanding the relationship between the economy, public policy, and economic performance is well-advised to read this important and timely new book. Torben Iversen Professor of Government Center for European Studies Harvard University
EAN: 9789053567555
ISBN: 9053567550
Untertitel: Parental Adviso. Sprache: Englisch.
Erscheinungsdatum: August 2005
Seitenanzahl: 288 Seiten
Format: kartoniert
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