By Jonas Pontusson
What are the relative benefits of the yank and ecu socioeconomic structures? Long-standing debates have heated up in recent times with the growth of the eu Union and more and more sharp political and cultural modifications among the us and Europe. In Inequality and Prosperity, Jonas Pontusson offers a comparative assessment of the 2 significant types of work markets and welfare platforms within the complex commercial international: the "liberal capitalist" approach of the U.S. and Britain and the "social marketplace" capitalism of northern Europe. those types stability matters of potency and fairness in essentially other ways. within the Nineties the much-heralded forces of globalization (together with demographic adjustments and attendant political pressures) appeared to threaten the very life of the social-market economies of Europe. have been the social compacts of Sweden and Germany superseded? may sorts of capitalism stay attainable, or have been labor-market and social-welfare preparations converging at the U.S. norm?
Pontusson opposes the suggestion of inevitable convergence: he believes that social-market economies can live to tell the tale and certainly flourish within the modern international economic climate. He bases his argument on an incredible quantity of hugely really good examine on eighteen nations, utilizing national-level information for the final thirty years. one of the parts he explores are labor-market dynamics, source of revenue distribution, employment functionality, salary bargaining, firm-level functionality, and the altering chances for the welfare state.
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Inequality and Prosperity: Social Europe vs. Liberal America (Cornell Studies in Political Economy) by Jonas Pontusson
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