Germany's socio-economic model and the Euro crisis

Detalhes bibliográficos
Autor(a) principal: Dauderstädt,Michael
Data de Publicação: 2013
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Revista de Economia Política
Texto Completo: http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572013000100001
Resumo: Germany's socio-economic model, the "social market economy", was established in West Germany after World War II and extended to the unified Germany in 1990. During a prolonged recession after the adoption of the Euro in 1998, major reforms (Agenda 2010) were introduced which many consider as the key of Germany's recent success. The reforms had mixed results: employment increased but has consisted to a large extent of precarious low-wage jobs. Growth depended on export surpluses based on an internal real devaluation (low unit labour costs) which make Germany vulnerable to global recessions as in 2009. Overall inequality increased substantially.
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spelling Germany's socio-economic model and the Euro crisisGermanycorporatismreformsGermany's socio-economic model, the "social market economy", was established in West Germany after World War II and extended to the unified Germany in 1990. During a prolonged recession after the adoption of the Euro in 1998, major reforms (Agenda 2010) were introduced which many consider as the key of Germany's recent success. The reforms had mixed results: employment increased but has consisted to a large extent of precarious low-wage jobs. Growth depended on export surpluses based on an internal real devaluation (low unit labour costs) which make Germany vulnerable to global recessions as in 2009. Overall inequality increased substantially.Centro de Economia Política2013-03-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572013000100001Brazilian Journal of Political Economy v.33 n.1 2013reponame:Revista de Economia Políticainstname:EDITORA 34instacron:EDITORA_3410.1590/S0101-31572013000100001info:eu-repo/semantics/openAccessDauderstädt,Michaeleng2013-04-10T00:00:00Zoai:scielo:S0101-31572013000100001Revistahttps://centrodeeconomiapolitica.org.br/repojs/index.php/journalONGhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/oai||cecilia.heise@bjpe.org.br1809-45380101-3157opendoar:2013-04-10T00:00Revista de Economia Política - EDITORA 34false
dc.title.none.fl_str_mv Germany's socio-economic model and the Euro crisis
title Germany's socio-economic model and the Euro crisis
spellingShingle Germany's socio-economic model and the Euro crisis
Dauderstädt,Michael
Germany
corporatism
reforms
title_short Germany's socio-economic model and the Euro crisis
title_full Germany's socio-economic model and the Euro crisis
title_fullStr Germany's socio-economic model and the Euro crisis
title_full_unstemmed Germany's socio-economic model and the Euro crisis
title_sort Germany's socio-economic model and the Euro crisis
author Dauderstädt,Michael
author_facet Dauderstädt,Michael
author_role author
dc.contributor.author.fl_str_mv Dauderstädt,Michael
dc.subject.por.fl_str_mv Germany
corporatism
reforms
topic Germany
corporatism
reforms
description Germany's socio-economic model, the "social market economy", was established in West Germany after World War II and extended to the unified Germany in 1990. During a prolonged recession after the adoption of the Euro in 1998, major reforms (Agenda 2010) were introduced which many consider as the key of Germany's recent success. The reforms had mixed results: employment increased but has consisted to a large extent of precarious low-wage jobs. Growth depended on export surpluses based on an internal real devaluation (low unit labour costs) which make Germany vulnerable to global recessions as in 2009. Overall inequality increased substantially.
publishDate 2013
dc.date.none.fl_str_mv 2013-03-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572013000100001
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572013000100001
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.1590/S0101-31572013000100001
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv text/html
dc.publisher.none.fl_str_mv Centro de Economia Política
publisher.none.fl_str_mv Centro de Economia Política
dc.source.none.fl_str_mv Brazilian Journal of Political Economy v.33 n.1 2013
reponame:Revista de Economia Política
instname:EDITORA 34
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collection Revista de Economia Política
repository.name.fl_str_mv Revista de Economia Política - EDITORA 34
repository.mail.fl_str_mv ||cecilia.heise@bjpe.org.br
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