Growth and Welfare in Advanced Capitalist Economies
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Product details
- ISBN 9780198866176
- Weight: 742g
- Dimensions: 162 x 240mm
- Publication Date: 28 Jan 2021
- Publisher: Oxford University Press
- Publication City/Country: GB
- Product Form: Hardback
- Language: English
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Growth and Welfare in Advanced Capitalist Economies takes stock of the major economic challenges that advanced industrial democracies have faced since the early 1990s and the responses by governments to them. It has three goals: firstly, to further our understanding of how political economies have transformed over the past decades; secondly, to analyse the contribution of governments to these changes, by looking at their growth strategies and thirdly, to highlight and analyse the role of the reforms of welfare systems in this transformative change.
In a nutshell, this book maps and provides general understanding of the evolution of growth regimes in advanced capitalist countries. It identifies five main growth regimes in contemporary advanced capitalist economies (three export-led and two domestic demand-led ones). To do so the book combines a supply side approach to economic growth as advocated by the Varieties of Capitalism Literature (OUP, 2001) with a demand side perspective as the recent discussion on growth models has exemplified. It argues that all political economies consist of growth regimes, which are based on a set of institutions that shape the supply side of the economy as well as on demand drivers such as government spending and private consumption. Both supply and demand are heavily shaped by the welfare state which provides for skills through education systems and stimulates demand through high social spending and private pension funds. The book focuses on the analysis of welfare reforms as growth strategies pursued by governments in an era characterised by financialization and the rise of the knowledge economy.
Anke Hassel is Professor of Public Policy at the Hertie School of Governance. Anke Hassel has extensive international experience and scientific expertise in the fields of the labour market, social partnership, codetermination, and the comparative political economy of developed industrial nations. She has also been a member of the German Federal Government's High-Tech Forum since January 2019.
Bruno Palier is CNRS Research Director at Sciences Po, Centre d'études européennes et de politique comparée. He was director of LIEPP (Laboratory for Interdisciplinary Evaluation of Public Policies) from October 2014 to July 2020. His research focuses on the comparative political economy of welfare state reforms.
