The Effects Of Post-industrialism On The Political Economy Of Western Europe



The Decline of Corporatist Bargaining
The sustained, high economic growth in Western Europe during the post-war period
until 1973 led to dramatic changes in the region's political economy. As
advances in transportation and communication extended the reach of international
trade into new areas of the world, as technological advances allowed
establishment of manufacturing facilities overseas, and as European real wages
climbed to unprecedented heights, the industrial base that had served as the
foundation for rapid Western European growth in the 1950's and 1960's
increasingly moved to Western Europe's poorer neighbors. As the industrial base
moved, so did the jobs of a large quantity of ...

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a post-industrial
society, where the stable economic order of mass employment in large-scale
industry has given way to mass unemployment and a breakdown of the political and
social consensus that held sway throughout the post-war period. These changes
have fundamentally altered the Western European labor market. This paper will
show how post-industrialism has dramatically reduced the ability of many Western
European countries to deliver full employment, not simply because of changes in
employment structure, but more importantly because those structural changes have
undermined the institutional framework that allowed Western European countries
to control prices while pursuing full employment policies, and have left Western
Europeans widely dissatisfied with their political system.

Western European countries demonstrated varying abilities to control inflation
and unemployment in the 1970's and 1980's. Cameron argues that two variables
explain much of the differences in economic ...

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the explanation is not that it
has eliminated jobs, but that jobs have changed. New industrial jobs have
increasingly required specialized technical skill, while the service sector has
created jobs for skilled, semi-skilled and unskilled workers.

One crucial difference between the old jobs and the new are that traditional
unions played a much larger role in the labor market for industrial jobs than in
the labor market for post-industrial white collar and service jobs. Some
countries, Sweden for example, have strong public sector unions that include
large numbers of non-industrial employees, but private employees in post-
industrial sectors (professionals, managers, skilled and ...

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"The Effects Of Post-industrialism On The Political Economy Of Western Europe." Essayworld.com. October 22, 2005. Accessed December 15, 2017. http://www.essayworld.com/essays/Effects-Post-industrialism-Political-Economy-Western/35304.
"The Effects Of Post-industrialism On The Political Economy Of Western Europe." Essayworld.com. October 22, 2005. Accessed December 15, 2017. http://www.essayworld.com/essays/Effects-Post-industrialism-Political-Economy-Western/35304.
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PAPER DETAILS
Added: 10/22/2005 10:46:55 PM
Category: Economics
Type: Premium Paper
Words: 1631
Pages: 6

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