DOCSLIB.ORG

Imaginaries of German Economic Success: Is the Current Model Sustainable?

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Imaginaries of German Economic Success: Is the Current Model Sustainable? EUROPE AT A CROSSROADS : PERENNIAL AUSTERITY Imaginaries of German Economic Success: Is the Current Model Sustainable? BRIGITTE YOUNG BRIGITTE YOUNG is Professor Emerita of Inter- national Political Economy, Department of Political Science at the University of Münster, Germany. She Be careful what you wish for – You might get it! previously served as Expert Advisor to the Enquete- Commission of the German Parliament on “Global- ization of the World Economy.” She is currently a Not so long ago, the British weekly newspaper The Economist (2013) conjured member of the Scientific Advisory Board of the up the imaginary of Germany as a “reluctant hegemon,” calling on the country EU-financed project on “Financialisation, Economy, to take a more decisive political leadership role in Europe. In a similar vein, Society and Sustainable Development” (FESSUD) Martin Wolf argued in the Financial Times (10.12.2014) that Germany “is too and an Expert Advisor to the EU project on “Orchestrating Information Technologies and Global powerful and too central to avoid its new destiny. Upon it rests the future of Systems Science for Policy Design and Regulation” a politically and economic fragile Europe. The time of thinking small is past. (SYMPHONY). Young has held several guest profes- Germany is now a big country with big responsibilities. It will be judged by sorships at the Free University, Berlin; Science-­ how it lives up to them.” Imaginaries can be thought of as powerful ideational Politique, Paris; Science-Politique, Lille; Central European University, Budapest; Warwick University, and material roadmaps in so far as they give meaning and shape to the (Euro- UK; and Georgetown University, Washington D.C., pean) economic field (Sum/Jessop 2015). By invoking the imaginary of a reluc- USA. Her most recent publications include “Hijack- tant hegemon, actors construct a narrative about Germany and use it to change ing Ordoliberalism?,” as guest editor, European its performativity within and across European organizations and institutions. Review of International Relations (2015); Financial After escaping the previous imaginary of the sick man of Europe in the 1990s, Cultures and Crisis Dynamics, co-edited with Bob Jessop und Christoph Scherrer (Routledge: 2014); Germany is now seen as the most successful economy in the Eurozone (Scharpf Financial Crisis: Causes, Policy responses, future 2015). This imaginary reflects the yearning for a hegemon that can provide Challenges. Outcomes of EU-funded Research, foundational principles and overarching meaning in times of economic, politi- European Commission, Brussels: DG Research cal, and identity crises. and Innovation (2014); “German Ordoliberalism as Agenda Setter for the Euro Crisis: Myth Trumps Measured against other EU member states, Germany’s recent economic Reality,” Journal of Contemporary European Stud- achievements are quite impressive. It has outperformed the Eurozone average ies, Vol. 22:3: 276–87 (2014); and Questioning growth rate since the second quarter of 2010. Recently released data shows that Financial Governance from a Feminist Perspective, Germany’s GDP increased by 1.7 percent in 2015, the best performance since co-edited with Isabella Bakker and Diane Elson 2011 (Tagesschau, 14.1.2016). Germany now has the strongest as well as the big- (Routledge: 2011). gest economy in Europe with a 4.5 percent unemployment rate in the Q3 2015, leaving other member states of the Eurozone countries far behind with an aver- age unemployment rate of over 10% (except Austria). While many critics accuse Germany of contributing to global macroeconomic imbalances, it continues as the export nation par excellence. According to the International Monetary Fund’s World Economic Outlook Database, German exports accounted for about 40.6 percent of total economic output in 2014. Whether Germany is a European hegemon and whether other European member states actually want Germany to perform this role (what has become known as the Germanification of Europe) remains a much-contested issue. According to the theory of hegemonic stability in the discipline of international relations, hegemonic powers are essential to provide the norms and principles needed to resolve international coordination problems (Kindleberger 1973). In calling for an altruistic hegemon it is nevertheless worth remembering that BRIGITTE YOUNG — 2 hegemons seldom act against their own self-interests (Ruggie 1998) and that they often do so to advance their objectives against other agents in a tactical manner (Lagna 2015). This European question regarding the role and desir- ability of a hegemon is significantly connected to Germany’s unique discourse around its deficit fetishism (Stiglitz 2016). In terms of fiscal prudence, CDU Finance Minister Wolfgang Schäuble has achieved a zero deficit target (die schwarze Null) two years in a row (2014 and 2015), which is all the more remarkable given that this has not happened since 1969. Recently released figures show that the German federal govern- ment has achieved a budgetary surplus of €12.1 billion for 2015, which is dou- ble the amount forecast in November of last year (n-tv, 13.1.2016). Symbolically achieving this target conjures up the imaginary of German fiscal responsibil- ity versus the imaginary of Southern fiscal profligacy, implying that Southern Europe should change its socio-cultural norms and conventions to become more like Germany. As was demonstrated during the Eurozone debt crisis, Ger- many is the largest creditor country in the Eurozone and thus wields enormous structural and asymmetrical power against debtor countries (Dyson 2010). In other words, Germany’s strong tradition of deficit fetishism functions as an ideational and material roadmap to advance its objectives to institutionalize restrictive fiscal norms across the EU against a Keynesian focus on boosting aggregate demand. However, Germany’s strength in creating a discursive environment of fiscal norm-setting must be seen against the background of the weakness of other European member states. The French-German axis and its traditional division between the Grand Nation acting as the political player and Germany as the economic leader has given rise to German domination of both fields. Recogniz- ing the shifting power constellation, both Nicolas Sarkozy, former French con- servative president, and François Holland, the current socialist president, have accepted this subordinate role – presumably a necessary concession for remain- ing at the European helm of power. Outside both the Eurozone and the Schen- gen agreement, Britain is simultaneously distracted with its internal debate on whether to stay in the European Union, and it is a significant fact that it has mostly been uninvolved in the Ukrainian crisis. As a result, Angela Merkel has strengthened her global geopolitical position. Speaking fluent Russian, she has become the most important interloper between the superpowers for finding ways to resolve the Ukrainian conflict. Her very presence demonstrated this during the 2015 Minsk negotiations in Belarus between Russia, Ukraine, Ger- many and France. Moreover, she has consecutively been cited as one of the most powerful political European leaders by Forbes business magazine. In addition, Time magazine has chosen her as the 2015 Person of the Year for her engage- ment in resolving the Greek crisis, her moral leadership in the refugee crisis, her commitment to resolving the crisis in the Ukraine, and her resolute solidar- ity with France in response to the fatal terrorist attacks in Paris during 2015. This positive German political and economic imaginary was challenged, however, by the Eurozone sovereign debt crisis. Deep ruptures emerged between the northern creditor countries (Germany, Finland, Austria and the BRIGITTE YOUNG — 3 Netherlands) and the economically weaker and indebted southern periphery. The standoff between an economically powerful Germany and the economically weaker peripheral countries has been further aggravated by a new East-West ref- ugee rift. Angela Merkel is hailed by many for her moral leadership in opening the German borders, for disregarding the Dublin agreement (the rule that refu- gees have to seek asylum in countries of their entry point), and for her response to the closure of the Hungarian borders to incoming refugees from the Balkan route in the summer of 2015. At the same time, many Eastern European mem- ber states refuse to accept the refugee quotas negotiated by the EU-Commission to settle within their borders. This present rift between EU member states from the East and West is not only a crisis on humanitarian grounds; it is also a huge challenge to the survival of the European Union itself. Even the President of the EU Parliament, Martin Schulz, has voiced his concern that the disintegration of Europe is a real possibility (SpiegelOnline 25.12.2015). Germany and the EU are thus faced with manifold and multifaceted prob- lems. In what follows, this essay aims to explain the following: the German success story in the midst of such regional and global turbulences; the issue of whether the German model can be replicated by other member states; and whether this model is sustainable in both the short and long terms. In order to explicate these questions, two different imaginaries regarding the German eco- nomic success story are presented. One relies on a domestic explanation citing the structural reforms of Chancellor Gerhard Schröder (SPD) and the subse- quent competitiveness of Germany’s
Load more

Recommended publications
  • September 2019 CURRICULUM VITAE NAME Verónica Schild, Ph.D
    September 2019 CURRICULUM VITAE NAME Verónica Schild, Ph.D. RANK Professor Emeritus EDUCATION Ph.D. University of Toronto Political Science 1991 M.A. University of Toronto Educational Theory 1982 B.A. George Mason University Philosophy/English 1978 (With Distinction) LANGUAGES Read: Spanish, English, German, French, Portuguese, Italian Understand: Spanish, English, German, French, Italian Speak: Spanish, English, German, French Write: Spanish, English EMPLOYMENT 2015 Professor Emeritus, Department of Political Science, University of Western Ontario 2008-2011 Director, Centre for the Study of Theory and Criticism, University of Western Ontario 2006- 2007 Director, Centre for the Study of Theory and Criticism, University of Western Ontario 2005- 2006 Co-Director, Centre for the Study of Theory and Criticism, University of Western Ontario 1999- 2015 Associate Professor, Political Science, University of Western Ontario 1997- 2015 Core Faculty Member, Graduate Programme, Centre for the Study of Theory and Criticism, University of Western Ontario 2003- 2008 Cross Appointed to the Centre for Women’s Studies and Feminist Research, University of Western Ontario 1999- 2015 Associate Professor, Political Science, University of Western Ontario 1994- 1999 Assistant Professor, Political Science, University of Western Ontario 1999 (Probationary) 1993- 1994 Assistant Professor, Political Science, University of Western Ontario (Limited Term) 1992- 1993 Assistant Professor, Political Science, York University (Contractually Limited) FELLOWSHIPS AND RESEARCH FUNDING 2019-2020 Científica de Exelencia del Extranjero. Proyecto Conicyt-MEC Desarrollo y Fortalecimiento de Redes de Conocimiento e Investigación en Psicología con Perspectiva de Género: Articulando Prácticas Eticas a Nivel de Pre y Postgrado Escuela de Psicología, Universidad Católica de Valparaíso, Valparaíso, Chile. CLP 2,500,000 monthly (September-December 2019; August-November 2020).
    [Show full text]
  • Capitalism Ln Transformation Movements and Countermovements in the 21St Century
    Capitalism ln Transformation Movements and Countermovements in the 21st Century Edited by Roland Atzmüller Johannes Kepler University, Austria Brigitte Aulenbacher Johannes Kepler Univers ity, Aus tria Ulrich Brand University of Vienna, Austria Fabienne Döcieux Johannes Kepler University, Austria Karin Fischer Johannes Kepler Univers ity, Aus tria Birgit Sauer University of Vienn,a, Austria EE H$X*l* Ergar Cheltenham, UK. Northampton, MA, USA Contents Gr Roland Atzmüiler, Brigitte Aulenbacher, ulrich Brand, Fabienne Döcieux, Karin Fischer and Birgit Sauer 2019 List of contributors vlll All rights reserved. No part ofthis publication may be reproduced, stored in a 1 Polanyian perspectives on the movements and mechanical or retrieial system or tranimitted in any form or by any means' electronic, countennovements of "our time": an introduction or otherwise without the prior permission ofthe publisher. photocopying, recording, Roland Atzmüller, Brigitte Aulenbacher, Ulrich Brand, Döcieux, Karin Fischer and Birgit Sauer Published by Fabienne Edward Elgar Publishing Limited The Lypiatts PART I HISTORICAL AND THEORETICAL l5 Lansdown Road REFLECTIONS: KARL POLANYI' Cheltenham CAPITALISM AND SOCIETY Glos GL50 2JA UK 2 A life-long search for freedom. From Budapest to journey through Karl Polanyi's life 22 Edward Elgar Publishing, Inc. America and back: a William Pratt House Kari Polanyi-Levitt, interviewed by Michael Brie and 9 Dewey Court Claus Thomasberger Northampton Massachusetts 01060 3 "Plunges into utter destruction" and the limits ofhistorical
    [Show full text]
  • Appendices 61 the University of Warwick the Warwick Commission 62
    59 the University of warwick the warwick commission 60 Appendices 61 the University of warwick the warwick commission 62 appendix l the multilateral trading system: a short Bibliographical note For the purposes of readability, this Report is written in a non-scholarly style. Footnotes and referencing in the text have been kept to an absolute minimum. However, the Report has drawn on a wide range of sources and literature. This short bibliographical note is indicative only. In no way does it purport to comprehensiveness. But it does provide a guide to some of the materials that have informed the preparation of this Report and which anyone wishing to follow up further on various sections of the Report might find useful. INTRODuCTION Five Challenges Facing the Global Trade Regime By way of background, we should note that the Warwick Commission is not the first inquiry to engage in an analysis of the challenges for the multilateral trade regime in general and the GATT/ WTO in particular. Previous exercises include the Leutwiler Report, Trade Policies for a Better Future, Amsterdam: Martinus Nijhoff Publishers, 1987; The Sutherland Report: A Report of the Consultative Board to the Director-General, Supachai Panitchpakdi, The Future of the WTO: Addressing institutional challenges in the new millennium, Geneva: WTO, 2004, and Ernesto Zedillo, Patrick Messerlin and Julia Nielson, Trade for Development, UN Millennium Project Task Force on Trade, London: Earthscan, 2005. The literature on the World Trade Organization (WTO) is vast. Those interested in the agreements of the WTO in general, and recent negotiations in particular, should start at the website of the Organization (www.wto.org) and the Doha briefings of bodies such as the International Centre for Trade and Sustainable Development (www.ictsd.org/pubs/dohabriefings).
    [Show full text]
  • Willi Semmler and Brigitte Young Re-Booting Europe
    Willi Semmler and Brigitte Young Re-Booting Europe: What kind of Fiscal Union - What kind of Social Union? March 2017 Working Paper 13/2017 Department of Economics The New School for Social Research The views expressed herein are those of the author(s) and do not necessarily reflect the views of the New School for Social Research. © 2017 by Willi Semmler and Brigitte Young. All rights reserved. Short sections of text may be quoted without explicit permission provided that full credit is given to the source. Re-Booting Europe: What kind of Fiscal Union - What kind of Social Union? Willi Semmler, New School for Social Research, and Brigitte Young, University of Muenster Abstract Doomsday scenarios about the survival of the Euro and the European Union have gained prominence since Brexit. While we cannot deny the endogenous and exogenous challenges to the EU, these challenges can also function as an opportunity to think about how to achieve a European social market economy. Given the deficit in EMU’s institutional design, many experts believe that the next building block should be a fiscal and social union to improve fiscal policy coordination and foster social cohesion. This paper discusses the institutional requirements for fiscal capacity building and the introduction of a Eurozone Treasury. In the final section, the ideas of a European social market economy are spelled out, arguing that a modernized version of the concept of the German social market economy, as introduced by the economist Alfred Müller-Armack, may function as a starting point to ensure a fairer balance between markets and social cohesion.
    [Show full text]
  • THE EUROPEAN SOVEREIGN DEBT CRISIS Is Germany to Blame?
    01-Young_Layout 1 4/27/11 6:21 PM Page 1 THE EUROPEAN SOVEREIGN DEBT CRISIS Is Germany to Blame? Brigitte Young Political Science, University of Muenster Willi Semmler Economics, The New School ABSTRACT Only a decade ago, slow growth and high unemployment plagued Germany, but the “sick man of Europe” has now moved to outperform the Eurozone average growth since the second quarter of 2010. This confirms Germany’s recovery and its status as the growth engine of the continent. This surely is a success story. While Germany (also Austria and the Netherlands) is prosper- ing, the peripheral countries in the Eurozone are confronted with a severe sovereign debt crisis. Starting in Greece, it soon spread to countries such as Ireland, Portugal, and Spain. In the course of the debate, Germany was blamed for the imbalances in Europe. In short, German export performance and the sustained pressure for moderate wage increases have provided Ger- man exporters with the competitive advantage to dominate trade and capital flows within the Eurozone. Thus, Germany is seen as the main beneficiary of the EURO. This argument, however, is vehemently disputed within Germany. Many economists and political leaders reject this argument and point to the flagrant lack of fiscal discipline in many of the peripheral countries. Some prominent economists, such as Hans-Werner Sinn, even disputes that Ger- many was the main beneficiary of the Eurozone. The paper analyzes the two sides of the controversy, and asks whether we are witnessing a more inward- looking and Euroskeptic Germany. These issues will be analyzed by first focusing on the role of Germany in resolving the sovereign debt crisis in Greece, and the European Union negotiations for a permanent rescue mech- anism.
    [Show full text]
  • Developing Countries Between Globalisation
    The Emergence of “Fractured” Regional Markets Brigitte Young University of Muenster Institute for Political Science Schlossplatz 7 48149 Muenster [email protected] Paper prepared for the Conference on Regionalisation and the Taming of Globalisation? Economic, Political, Security, Social and Governance Issues, Centre for the Study of Globalisation and Regionalisation, Scarman House, University of Warwick, October 26-28th, 2005. 2 Introduction This paper looks at the liberalization attempts of the financial service sector within the General Agreement on Trade in Services (GATS) of the World Trade Organisation (WTO) and investigates the inherent risks of progressive liberalization as a potential “public bad” for countries and regions in many of the developing world. Charles Wyplosz (1999) suggests that financial instability is a challenge to the international financial system and identifies this instability as a “public bad”, although not a “classical one”. The author goes on to explain that financial instability is a public bad through its potential of producing negative externalities that spread across countries producing budgetary costs and severe redistributive effects, forcing countries into a spiral of fiscal constraints with potentially adverse political backlash (Wyposz 1999: 156). One difficulty in studying the liberalization of financial services and its role in producing a “public bad” is its rather recent inclusion in trade agreements. Leroux (2002) cites that GATS is only the third trade agreement to address trade in financial services. In actuality there are four trade agreements to address trade in financial services if we include the EU. The European Council meeting in Lisbon set the year 2005 for the establishment of an integrated European financial service market (EC 2001).
    [Show full text]
  • Brigitte Young (Emeritiert 2011), Seit 1999 Professorin Für Internationale/Vergleichende Politische Ökonomie Am Institut Für Politikwissenschaft Der WWU Münster
    Brigitte Young (emeritiert 2011), seit 1999 Professorin für Internationale/Vergleichende Politische Ökonomie am Institut für Politikwissenschaft der WWU Münster. Young hat an der University of California (B.A., M.A.) und an der University of Wisconsin, Madison (PhD) studiert. 1990 war sie Social Science Research Fellow in Berlin (1990), danach Professorin an der Wesleyan University, Connecticut (1991-97). In den Jahren 1994-1995 war sie Research Fellow im Center for German and European Studies, School of Foreign Service, Georgetown University, Washington, D.C. Sie war Gastprofessorin am J.F. Kennedy Institut, FU-Berlin (1989-1991), am Otto-Suhr Institut der FU-Berlin (1997-1999), an der Science-Politique/CERI in Paris (WS2008); im WS2011 an der Science-Politique in Lille, Frankreich. In den nächsten Jahren wird sie an der Central European University, Budapest (SS2012), und an der Freien Universität Berlin lehren. Derzeit ist Young Deutsche Delegierte im EU-COST Projekt: Systemic Risks, Financial Crisis and Credit – The Roots, dynamics and consequences of the Subprime Crisis (2009-2014), und leitet mit Christoph Scherrer die Arbeitsgruppe Systemic Risks, Crises, and the Search for Financial Stability in modern finance. Sie ist außerdem Mitglied des Scientific Advisory Committee des von der EU-7RP geförderten Projekts: Financialisation, Economy, Society and Sustainable Development (2010-2015). Im Jahr 2000-2002 wurde sie als Sachverständige in die Enquete-Kommission des Deutschen Bundestages zum Thema „Globalisierung der Weltwirtschaft - Herausforderungen und Antworten“ berufen. Young war darüber hinaus Mitglied des seit 2005-2010 von der Europäischen Union geförderten Forschungsnetzwerkes „GARNET - Network of Excellence (NoE) - Global Governance, Regionalisation and Regulation: The Role of the EU“, an dem mehr als vierzig west- und osteuropäische Universitäten mitwirkten.
    [Show full text]
  • Globalisation Contested an International Political Economy of Work
    Document1 11/12/04 3:23 PM Page 1 Globalisation contested An international political economy of work LOUISE AMOORE 6 Globalisation contested MUP_Amoore_00_Prelims 1 6/19/02, 11:58 AM MUP_Amoore_00_Prelims 2 6/19/02, 11:58 AM Globalisation contested An international political economy of work LOUISE AMOORE Manchester University Press Manchester and New York Distributed exclusively in the USA by Palgrave MUP_Amoore_00_Prelims 3 6/19/02, 11:58 AM Copyright © Louise Amoore 2002 The right of Louise Amoore to be identified as the author of this work has been asserted by her in accordance with the Copyright, Designs and Patents Act 1988 Published by Manchester University Press Oxford Road, Manchester M13 9NR, UK and Room 400, 175 Fifth Avenue, New York, NY 10010, USA http://www.manchesteruniversitypress.co.uk Distributed exclusively in the USA by Palgrave, 175 Fifth Avenue, New York, NY 10010, USA Distributed exclusively in Canada by UBC Press, University of British Columbia, 2029 West Mall, Vancouver, BC, Canada V6T 1Z2 British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library Library of Congress Cataloging-in-Publication Data applied for 93-50558 ISBN 0 7190 6096 6 hardback First published 2002 100908070605040302 10987654321 Typeset in Minion and Minion Display by Koinonia, Manchester Printed in Great Britain by Biddles Ltd, Guildford and King’s Lynn MUP_Amoore_00_Prelims 4 6/19/02, 11:59 AM Dedicated to Mary Elizabeth Amoore and John Arthur Gregory, in memory and with much love.
    [Show full text]
  • BRIGITTE F. YOUNG PERSONAL INFORMATION June 2016
    CURRICULUM VITAE: BRIGITTE F. YOUNG PERSONAL INFORMATION June 2016 Place of Birth: Gross-St. Florian, Österreich Nationality U.S.A. Family Status: Divorced Children: Daughter (geb. 14.12.1969, lives in San Francisco, USA) Postal Address: Fechnerstr. 5 10717 Berlin Telephone: +49 (0)3022193772 E-Mail: [email protected] Employment: Prof. em. (since 2011) Website: www.uni-muenster.de/IfPol/personen/Young.html EDUCATION 1998 Habiltation – Department of Political Sciences, Otto-Suhr-Institut, Free University Berlin, Chair: Prof. Dr. Elmar Altvater, Topic: Globalization and Genderregimes. 1990 Ph.D. Political Science (Doctor of Philosophy), University of Wisconsin, Madison/USA, Chair: Prof. Leon Lindberg, Dissertation: The Emergence and Disintegration of Modes of Regulation in Agriculture: Germany and the United States in an Historical Perspective. 1986 Master of Arts, University of Wisconsin, Madison/USA. 1984 University of Michigan, Interuniversity Consortium for Political and Social Research (ICPR-; Quantitative Methods 1982 Master of Arts, University of California, Davis/USA, Political Science (Focus: Comparative Political Economy) Master's thesis: Prospects for Soviet Grain Production (Boulder, CO: Westview Press, 1983). 1978 Bachelor of Arts, Political Science (summa cum laude), University of California, Santa Barbara/USA. 1 POSITIONS HELD 1999 – 2011 (em.) Professor, Institute for Political Sciences, International Political Economy, Westfalian Wilhelms-University Münster. 2012/2013 (WT) Guest Professor, Central European University, Dept. of International Relations and European Studies, Budapest, Hungary. 2011 Guest Professor, Centre for the Study of Globalization and Regionalisation, University of Warwick, UK. 2011 (February/March) Guest Professor, Sciences-Politique, Lille, France. 2008/2009 (WT) Guest Professor, Sciences-Politique, Centre d’ėtudes et de recherches internationals (CERI/CNRS), Paris.
    [Show full text]
  • The Covenant on Economic, Social and Cultural Rights and the World Trade Organization Dialogue on Globalization
    Dialogueon OCCASIONAL PAPERS Globalization GENEVA N° 30 / April 2007 Robert Howse and Ruti G. Teitel Beyond the Divide The Covenant on Economic, Social and Cultural Rights and the World Trade Organization Dialogue on Globalization Dialogue on Globalization contributes to the international debate on globalization – through conferences, workshops and publications – as part of the international work of the Friedrich-Ebert-Stiftung (FES). Dialogue on Globalization is based on the premise that globalization can be shaped into a direction that promotes peace, democracy and social justice. Dialogue on Globalization addresses “movers and shakers” both in developing countries and in the industrialized parts of the world, i.e. politicians, trade unionists, government offi cials, businesspeople, and journalists as well as representatives from NGOs, international organizations, and academia. Dialogue on Globalization is co-ordinated by the head offi ce of the Friedrich-Ebert-Stiftung in Berlin and by the FES offi ces in New York and Geneva. The programme intensively draws on the international network of the Friedrich-Ebert-Stiftung – a German non-profi t institution committed to the principles of social democracy – with offi ces, programmes and partners in more than 100 countries. This Occasional Paper is published by the Geneva offi ce of the Friedrich-Ebert-Stiftung. April 2007 Table of Contents: 1. Preface 3 2. Executive Summary 4 3. Introduction 5 4. Domestic Policy Space 12 4.1. The Direct Effects on Social, Economic and Cultural Rights of Reduction in Trade Barriers 13 5. The Rights to Work, Health and Food in Interaction with the WTO Regime 14 5.1. The Right to Work 14 5.1.1.
    [Show full text]
  • Econsoc 12-2
    economic sociology_ the european electronic newsletter Vol ume 12, N umber 2 | March 20 11 12.2 Editor Nigel Dodd, London School of Economics Book Review Editors Mark Lutter, Max Planck Institute for the Study of Societies Sascha Münnich, Max Planck Institute for the Study of Societies Editorial Board Patrik Aspers, Stockholm University Jens Beckert, Max Planck Institute for the Study of Societies, Cologne Johan Heilbron, Centre de Sociologie Européenne, Paris Richard Swedberg, Cornell University, Ithaca Table of Contents Note from the editor _2 The Financial Crisis and the End of All-Purpose Money | by Keith Hart_4 Economic Governance in the Eurozone: A New Dawn? | by Brigitte Young_11 The Euro Trouble and the Global Financial Crisis | by Christoph Deutschmann_17 Should Crisis-Hit Countries Leave the Eurozone? | by Peter North_21 The Level of Financial Literacy of Russians: Before and During the Crisis of 2008-2009 by Olga Kuzina_27 Book Reviews_ 44 http://econsoc.mpifg.de Note from the editor 2 Note from the editor Dear reader, deny its ‘acidic’ qualities but seeks to redress an imbalance in our conception of modern, nation-state money by em- Welcome to the first Newsletter issue of 2011. This looks phasising its potential to empower individuals and recon- like being an important year for the political economy of figure our communities through what he calls its’socially Europe, during which major decisions are being debated redemptive qualities’. In the essay published here, Hart about the future of its core currency, the euro. These de- continues in this vein by making out a vibrant and articu- bates are taking place amidst a debt crisis which embraces late case for a more nuanced approach to money in which, both states and private banks, and which is being experi- partly as a response to the fact that during this latest fi- enced especially severely in Ireland, Greece and Spain.
    [Show full text]
  • BRIGITTE F. YOUNG March 2015
    CURRICULUM VITAE: BRIGITTE F. YOUNG March 2015 PERSONAL INFORMATION Place of Birtht: Gross-St. Florian, Österreich Nationality U.S.A. Family Status: Divorced Children: Daughter (geb. 14.12.1969, lives in San Francisco, USA) Postal Address: Fechnerstr. 5 10717 Berlin Telephone: +49 (0)3022193772 E-Mail: [email protected] Employment: Prof. em. (since 2011) Website: www.uni-muenster.de/IfPol/personen/Young.html EDUCATION 1998 Habiltation – Department of Political Sciences, Otto-Suhr-Institut, Free University Berlin, Chair: Prof. Dr. Elmar Altvater, Topic: Globalization and Genderregimes. 1990 Ph.D. Political Science (Doctor of Philosophy), University of Wisconsin, Madison/USA, Chair: Prof. Leon Lindberg, Dissertation: The Emergence and Disintegration of Modes of Regulation in Agriculture: Germany and the United States in an Historical Perspective. 1986 Master of Arts, University of Wisconsin, Madison/USA. 1984 University of Michigan, Interuniversity Consortium for Political and Social Research (ICPR-; Quantitative Methodenausbildung). 1982 Master of Arts, University of California, Davis/USA, Political Science (Focus: Comparative Political Economy) Master's thesis: Prospects for Soviet Grain Production (Boulder, CO: Westview Press, 1983). 1978 Bachelor of Arts, Political Science (summa cum laude), University of California, Santa Barbara/USA. 1 POSITIONS HELD 1999 – 2011 (em.) Professor, Institute for Political Sciences, International Political Economy, Westfalian Wilhelms-University Münster. 2012/2013 (WT) Guest Professor, Central European University, Dept. of International Relations and European Studies, Budapest, Hungary. 2011 Guest Professor, Centre for the Study of Globalization and Regionalisation, University of Warwick, UK. 2011 (February/March) Guest Professor, Sciences-Politique, Lille, France. 2008/2009 (WT) Guest Professor, Sciences-Politique, Centre d’ėtudes et de recherches internationals (CERI/CNRS), Paris.
    [Show full text]