18 Conclusion Convergence Divergence (Mar 11)

18 Conclusion Convergence Divergence (Mar 11) -...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
LME/CME/SME A. Can the CME model be recreated at EU level? --impact on wage determination decentralizing (Reder/Ulman v. Garret and Way) --impact on union political influence (EU level v. national level; labor v. capital balance now weighted in favor of latter) --widening (less regulated mkt) v. deepening (strengthened suprational institutions) debate --rationale for and impact of enlargement B. Can an integrated, continental economy allow for different national models? 1. Challenges to CME --Loss of control over factor mobility (impact of SEA, EMU)
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
--Financial deregulation + growth of stock markets; decline of state ownership (Huber and Stephens, Zysman and Sandholtz) --Demographics of welfare state Aging population, lo birth rates( --Growth of service eco (Iversen and Wren) 2. Challenges to LME --popular expectations: gov’t as “provider of last resort”? --welfare state expectations (cost of providing social services privately high and growing) --(un)employment problems --business cycle: effects of volatility exaggerated
Background image of page 2
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: --distributional issues (how much inequality compatible with hi skill eco?)--exhaustion of model? 3. All challenges are local; EU consistent with either and all varietiesl no need for uniformity and EU legislative and enforcement power insufficient to homogenize area What do theorists say? Soskice: stable alternatives. EU decisions rest on preferences of national states, national states reflect preference of key constitutencies, i.e., business and labor. Expect some coordination at EU level, too. Roe: Financial liberalization, weakness of labor at EU level, increased product market competition due to drop of non-tariff barriers, independence of banks from govts, all likely to push in LME direction at national level Pontusson: EU not labor friendly but not anti-labor either. Decision rests at national level, where can sustain strong labor movement, can hamper it. Can adapt large welfare state for productive purposes or-- can cut it back entirelybut decision is national one....
View Full Document

This note was uploaded on 04/18/2011 for the course POLI 126AA taught by Professor Ellencomisso during the Spring '11 term at UCSD.

Page1 / 4

18 Conclusion Convergence Divergence (Mar 11) -...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online