RT Book, Section
T1 The mechanics of German Capitalism: dualism and inequality in an export-led economy
A1 Herrero Alba, Daniel
A2 Cárdenas Del Rey, Luis
A2 De Arribas Cámara, Javier
AB Germany is no longer characterized by the combination of encompassing coordinated institutions that promote strong macroeconomic results and relatively uniform working conditions for the entire economy. During the 90s, acute economic problems in the form of high unemployment and eroded economic competitiveness led to in-depth institutional reforms in the fields of labour market and industrial relations. This process of institutional change has been shaped by the interests of the exporting manufacturing sector. As a result, a dual economy emerged: while firms in advanced manufacturing industries undertook flexible restructuring processes in cooperation with its core workforce using traditional institutions; institutional change, sharp wage-cutting policies and the expansion of flexible forms of employment were concentrated on a periphery of consumer and business services. Certainly, these reforms have served to meet the goals of full employment and the recovery of the trade surplus, and helped Germany to successfully manage the shock of the Great recession in comparison with neighbouring economies. Nonetheless, the achievement of these objectives was at the cost of growing inequality in employment conditions and the stagnation in domestic demand and working hours, shaping the new nature of German capitalism.
PB Taylor and Francis Group [Commercial Publisher] Routledge [Imprint]
SN 9781003020585
YR 2021
FD 2021
LK https://hdl.handle.net/20.500.14352/100475
UL https://hdl.handle.net/20.500.14352/100475
LA eng
NO Herrero, D. (2021). The mechanics of German capitalism: Dualism and inequality in an export-led economy. In Institutional Change after the Great Recession (pp. 102-138). Routledge.
DS Docta Complutense
RD 6 abr 2025