Neo-mercantilism, inequality, financialisation and the euro crises

Malcolm Sawyer ()

Working papers from Financialisation, Economy, Society & Sustainable Development (FESSUD) Project

Abstract: This paper considers three aspects of the euro zone crises. It begins by a discussion of the roles of current account imbalances and the pursuit of neo-mercantilist type policies particularly by Germany. It then moves on to the ways in which inequality has played a role in the crisis, and in particular the role of ‘structural reforms’ in the labour market and elsewhere as the perceived route out of crisis but which will likely generated further inequality. In the final main section some of the developments in the financial sector are related with the euro crisis.

Keywords: Financialisation; inequality; labour market reforms; euro. (search for similar items in EconPapers)
JEL-codes: F32 J40 O15 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2014-02-15
New Economics Papers: this item is included in nep-hme and nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:fes:wpaper:wpaper27

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