Growth and Welfare in Advanced Capitalist Economies: How Have Growth Regimes Evolved?
Growth and Welfare in Advanced Capitalist Economies: How Have Growth Regimes Evolved?
Professor of Public Policy
CNRS Research Director
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Abstract
This chapter charts the shape and movement of the growth strategies of the developed democracies since 1945 across three periods: an era of modernization, one of liberalization, and an era of knowledge-based growth, with an emphasis on the relationship between developments in the political economy and changes in the character of electoral politics. It argues that economic policy-making always entails assembling coalitions for policy in both the arenas of electoral politics and of producer group politics. Accordingly, economic policy responds, not only to secular economic developments, but also to shifting political conditions and notably to changes in the cleavage structures underpinning electoral politics, which are themselves influenced by preceding economic developments. Growth strategies are conditioned by how an evolving “economic gestalt” portrays the problems of the economy and by processes of coalition formation in the electoral arena. The chapter devotes special attention to the growth strategies of the UK, France, Germany, and Sweden
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Front Matter
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Part I The evolution of growth regimes and strategies
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1
Tracking the Transformation of Growth Regimes in Advanced Capitalist Economies
Anke Hassel andBruno Palier
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2
How Growth Strategies Evolve in the Developed Democracies
Peter A. Hall
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3
European Growth Models Before and After the Great Recession
Lucio Baccaro andJonas Pontusson
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4
Cross-National Variation in Growth Models: Three Sources of Extra Demand
Georg Picot
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5
Forced Structural Convergence in the Eurozone
Fritz W. Scharpf
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1
Tracking the Transformation of Growth Regimes in Advanced Capitalist Economies
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Part II The Politics of Growth Strategies
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6
Transitions to the Knowledge Economy in Germany, Sweden, and the Netherlands
Kathleen Thelen
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7
Growth Strategies and Employers’ Coalitions: Renewing Welfare States
Cathie Jo Martin
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8
Strategies for Growth and Employment Creation in a Services-Based Economy: Skill Formation, Equality, and the Welfare State
Anne Wren
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6
Transitions to the Knowledge Economy in Germany, Sweden, and the Netherlands
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Part III Growth Strategies and Welfare Reforms
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9
Always a Winning Strategy? Wage Moderation’s Conditional Impact on Growth Outcomes
Alison Johnston
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10
Housing Finance Between Social Welfare and Growth Strategies
Alexander Reisenbichler
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11
Fighting Youth Unemployment: Growth Strategies and Youth Welfare Citizenship
Tom Chevalier
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12
Growth Strategies and Welfare Reforms in Europe
Sonja Avlijaš and others
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9
Always a Winning Strategy? Wage Moderation’s Conditional Impact on Growth Outcomes
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End Matter
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