New Challenges for the European Model and How to Cope with It

Karl Aiginger

Chapter 7 in Growth versus Security, 2008, pp 159-177 from Palgrave Macmillan

Abstract: Abstract Disappointing growth in Europe since the beginnings of the 1990s and persistently high unemployment raised the question as to whether it was the specific features of the European social model that stopped Europe catching up with the US. This chapter defines the characteristics of the European socio-economic model and the differences between sub-models in different European countries (following Aiginger and Guger, 2006a; 2006b). It then identifies which policy changes and strategies made these countries more successful over the past 10–15 years, after several crises in the 1970s and 1980s, and even the first years of the 1990s. Specifically, we look for indicators on adaptability that might explain why these economies were so successful during the period of accelerated globalization.

Keywords: Competition Policy; Scandinavian Country; Social Partner; European Model; Flexible Contract (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-22823-8_7

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DOI: 10.1057/9780230228238_7

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