Abstract
Market solutions can be a way for small deregulated states like the Baltics to grow, but they are not a viable path for the EMU area as a whole or for the larger countries like France, Germany or Italy. As most of the challenges have to be addressed at the national level only, an interaction of flexible institutions (as the social pacts were) in coordination with developing European institutions (like a European unemployment scheme) can offer a more stable environment for growth.
Similar content being viewed by others
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
About this article
Cite this article
Pochet, P. From Social Pacts to Productivity Boards. Intereconomics 51, 321–324 (2016). https://doi.org/10.1007/s10272-016-0628-5
Published:
Issue Date:
DOI: https://doi.org/10.1007/s10272-016-0628-5