In Governing Social Risks in Post-Crisis Europe, Colin Crouch
mounts an impressive comparative analysis to uncover the
contrasting ways in which different countries have sought to
address the exacerbated social risks, both 'new' and 'old',
unleashed by the financial and economic crisis. It demonstrates
that growing recourse to market forms of governance in social and
labour market policy is inversely related to the strength and
influence of organised labour across countries and, in turn, to the
degree of security provided for workers and their dependents. The
three main patterns identified for governing social risks in the
current era - neo-liberal, social democratic and traditional - are
shown to exhibit a clear lineage reaching back to the early 20th
century.' - Paul Marginson, University of Warwick, UK'Crouch's new
book offers an empirically based up-to-date theory relating
governance, egalitarianism, and labor market security in
contemporary post-industrial societies. It provides a highly
sophisticated, original assessment of modes of governance in Europe
in terms of their social and economic performance, drawing on
extensive comparison of European countries including the new
Eastern democracies. Contrasting in particular neoliberalism and
social democracy, Crouch shows that the social-democratic model of
state and associational intervention in markets performs much
better than its neoliberal opponent, raising the question why it is
the latter rather than the former that has become the leading model
for the post-crisis capitalist political economy.' - Wolfgang
Streeck, Max-Planck-Institute for the Study of Societies, Germany
How can a capitalist system reconcile its need to combine workers
on uncertain incomes and conditions with consumers confident that
they can spend? The approaches of different national economies to
this conundrum have had varying degrees of success, as well as
diverse implications for social inequality. Through the study of
European societies, and comparisons with experience from the rest
of the world, Colin Crouch scrutinizes this diversity, and looks at
how the 2008 global financial crisis has impacted it. Crouch
identifies three broad approaches that countries adopt in response
to this central dilemma of a capitalist economy, and examines these
across three different contexts: time, place, and the role of
inclusion and exclusion. This primarily statistical study embraces
all except the smallest European countries, with comparative
material on Japan, Russia and the United States. Countries are
grouped according to differences found in them in the roles of
governance by market, state, and community. This important book
will appeal to academics, policy makers and others interested in
comparative employment relations, European political economy and
social policy. Undergraduate and postgraduate students alike will
also find this a compelling, jargon-free insight into social policy
and the 2008 global financial crisis in Europe.
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