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Surviving Globalization?: Perspectives For The German Economic Model

Surviving Globalization?: Perspectives For The German Economic Model

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  • ISBN:9781402030635
  • Editorial: Springer Verlag
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  • Nº Pág.:243
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The German economic and social system was once admired for its capacity to foster international competitiveness as well as social integration. In the literature on varieties of capitalisms it was even called the Modell Deutschland. But in the last years, plagued by mass unemployment and lagging behind in terms of economic growth, many commentators portrayed it as institutionally incrusted and hopelessly outmoded. However, the basic institutions underpinning the German model are currently undergoing significant changes. The Red-Green reforms of the labor market and the pension scheme, recent incidents like the take-over of German Mannesmann by Vodafone Airtouch, for example, or the evasion of collective bargaining agreements can be interpreted as significant attacks on the corporatist structure of the model. Thus, does the future imply a (more) liberal, market-style economy also in Germany? And if so, will this transformation solve the problem of mass unemployment?

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