 The Politics of Economic Recession in Western GermanyKenneth Dyson Chapter 2 in Politics, Policy and the European Recession, 1982, pp 32-64 from Palgrave Macmillan Abstract: Abstract From a comparative perspective West German political arrangement displayed remarkable adaptability and resilience in the face of the economic uncertainty and tension that the country experienced after 1973. Adaptability was encouraged by a complex, diffuse system of economic policy making whose organising theme was delegation and dialogue. At a political level it was assisted by a federal coalition government of Social Democrats (SPD) and Free Democrats (FDP) which from 1969 onwards ensured representation of worker, managerial and employer interests. The comparatively minor economic crisis of 1965–6 had produced a Grand Coalition of the Christian Democratic Union/Christian Social Union (CDU/CSU) with the SPD, and the economic recession of 1966–7 had helped generate support for a neo-Nazi political party as well as the rise of Extra-Parliamentary Opposition. A new resilience was apparent in the complete failure of extremist political opposition of right or left to make significant electoral headway in the more deep-seated recession of the 1970s. Keywords: Monetary Policy; Central Bank; Industrial Relation; Economic Recession; Supervisory Board (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-05764-1_2 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-05764-1_2 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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