Germany and the European and Global Crises
AbstractMoving from the current global and European imbalances and crises, and from the consideration of the German reaction to them, the paper explores the political economy origins of the conservative German policy stance. It emerges that an export-oriented economy was a deliberate decision of the German elite after WW II and that the external constraint may be regarded as appropriately designed for internal discipline and efficiency (and vice-versa) in a self-reinforcing process. The conclusions illustrate some possible future scenarios for Europe.
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Bibliographic InfoPaper provided by Department of Economics, University of Siena in its series Department of Economics University of Siena with number 607.
Date of creation: Jan 2011
Date of revision:
European Monetary Union; financial crisis; Germany; neo-mercantilism;
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Marcone e dollaretto: 30 anni di politica valutaria
by Alberto Bagnai in Goofynomics on 2014-08-23 22:05:00
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- Luigi Bonatti & Andrea Fracasso, 2012. "A Germans’ dilemma: save the euro or preserve their socio-economic model," Department of Economics Working Papers 1207, Department of Economics, University of Trento, Italia.
- Sergio Cesaratto, 2012. "Neo-Kaleckian and Sraffian controversies on accumulation theory," Department of Economics University of Siena 650, Department of Economics, University of Siena.
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