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Books > Social sciences > Politics & government > Political structure & processes
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Growth and Welfare in Advanced Capitalist Economies - How Have Growth Regimes Evolved? (Hardcover)
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Growth and Welfare in Advanced Capitalist Economies - How Have Growth Regimes Evolved? (Hardcover)
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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.
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