From the’ sick Man’to the ‘Overhauled Engine’ of Europe? Upheaval in the German Model

Steffen Lehndorff, Gerhard Bosch, Thomas Haipeter and Erich Latniak
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Steffen Lehndorff: University of Duisburg-Essen
Gerhard Bosch: University of Duisburg-Essen
Thomas Haipeter: University of Duisburg-Essen
Erich Latniak: University of Duisburg-Essen

Chapter 4 in European Employment Models in Flux, 2009, pp 105-130 from Palgrave Macmillan

Abstract: Abstract For most of the 1960s–80s the Federal Republic of Germany was regarded both at home and abroad as one of the countries that had been particularly successful in combining economic growth and social equality. For many economists and social scientists Germany was the exemplar of ‘Rhenish capitalism’ (Albert, 1992) which, by virtue of the ‘beneficial constraints’ (Streeck, 1997) imposed on German capital by strong labour unions and institutions, fostered long-term corporate strategies and an environment of trust relationships, not only within capital but also between the strong associations representing capital and labour. It was under these conditions that a system of high-quality and export-oriented production was developed, which in turn powered the entire employment system.

Keywords: Gross Domestic Product; Corporate Governance; Welfare State; Collective Agreement; Labour Market Reform (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-23700-1_4

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DOI: 10.1057/9780230237001_4

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