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The viability of advanced welfare states in the international economy : (Record no. 34651)

000 -LEADER
fixed length control field 02755naa a2200181uu 4500
001 - CONTROL NUMBER
control field 0062417051837
003 - CONTROL NUMBER IDENTIFIER
control field OSt
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20190211173113.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 100624s2000 xx ||||gr |0|| 0 eng d
999 ## - SYSTEM CONTROL NUMBERS (KOHA)
Koha Dewey Subclass [OBSOLETE] PHL2MARC21 1.1
041 ## - LANGUAGE CODE
Language code of text/sound track or separate title eng
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name SCHARPF, Fritz W.
9 (RLIN) 9612
245 10 - TITLE STATEMENT
Title The viability of advanced welfare states in the international economy :
Remainder of title vulnerabilities and options
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. London :
Name of publisher, distributor, etc. Routledge,
Date of publication, distribution, etc. June 2000
520 3# - SUMMARY, ETC.
Summary, etc. The article represents a preliminary and partial analysis of information collected in a comparative project on the adjustment of employment and social policies in twelve advanced capitalist welfare states to changes in the international economic environment since the early 1970s.1 After the post-war decades, when national governments were still able to control their economic boundaries, the first international challenge came in the form of the oil-price crisis of 1973/74, which confronted industrial economies with the double threat of cost-push inflation and demand-gap unemployment. It could be met if countries were able to achieve a form of 'Keynesian concertation' in which expansionary monetary and fiscal policies would defend employment while union wage restraint could be relied on to fight inflation. For this solution, 'corporatist' industrial relations institutions were a necessary but not a sufficient condition. Since the second oil-price crisis of 1979/80 was met by restrictive monetary and expansionary fiscal policies in the United States, the steep increase of real interest rates in the international capital markets forced other central banks to raise interest rates accordingly. As a consequence, employment-creating investments could only be maintained if the share of profits in the national product was significantly increased. Under the pressure of rapidly rising unemployment, unions in most countries were forced to accept this massive redistribution from labour to capital. In the 1990s, finally, the international integration of product and capital markets has been constraining private sector employment as well as the financial viability of the welfare state. But now institutional differences among different types of revenue systems, welfare states and employment systems - Scandinavian, Anglo-Saxon, and Continental - create important differences in vulnerability that can no longer be met by standardized responses. The article concludes with an examination of the specific problems faced by, and the solutions available to, the different countries included in the study.
773 08 - HOST ITEM ENTRY
Title Journal of European Public Policy
Related parts 7, 2, p. 190-228
Place, publisher, and date of publication London : Routledge, June 2000
International Standard Serial Number ISSN 13501763
Record control number
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Periódico
998 ## - LOCAL CONTROL INFORMATION (RLIN)
-- 20100624
Operator's initials, OID (RLIN) 1705^b
Cataloger's initials, CIN (RLIN) Daiane
998 ## - LOCAL CONTROL INFORMATION (RLIN)
-- 20100629
Operator's initials, OID (RLIN) 1622^b
Cataloger's initials, CIN (RLIN) Carolina

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