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European Social Models From Crisis to Crisis: - Employment and Inequality in the Era of Monetary Integration (Hardcover)
Loot Price: R3,330
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European Social Models From Crisis to Crisis: - Employment and Inequality in the Era of Monetary Integration (Hardcover)
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Europeans use 'social models' to refer to the combination of
welfare state, industrial relations, and educational institutions
jointly structuring what we can think of as the supply-side of the
labor market. The dominant view in controversy over the social
models has been that in the name of equity they have impaired the
labor market's efficiency, thereby causing unemployment. But doubt
is cast on this supply-side-only diagnosis by powerful
macroeconomic developments, from the Europe-wide recession
following Germany's post-unification boom to the deepest economic
crisis since the interwar Great Depression, which the Eurozone's
truncated economic governance structure transformed into a
sovereign debt crisis, threatening the Euro's and even EU's very
survival. This book explores the interaction of Europe's diverse
social models with the major developments that shaped their
macroeconomic environment over the quarter century since the fall
of the Berlin Wall. It concludes that this environment rather than
the social models are primarily responsible for the immense social
costs of the crisis.
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