Still Three Models of Capitalism? The Dynamics of Economic Adjustment in Britain, Germany, and France

  • Vivien A. Schmidt
Chapter

Abstract

Since the 1980s, globalization and European integration have been potent forces for change in European member-states’ macroeconomic, microeconomic, and even socioeconomic policies, promoting monetary convergence and austerity, pushing market liberalization and deregulation, and pressing for the downsizing of governments and their welfare state functions. With these changes in policies, moreover, has come a reconfiguration of European countries’ traditional models of capitalism — market capitalism, managed capitalism, and state capitalism — along three dimensions: in the structure of business relations, of government relations with business and labor and of relations between management and labor.

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Copyright information

© Springer Fachmedien Wiesbaden 2000

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  • Vivien A. Schmidt

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