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We examine each of the Baltic States by connecting national level studies within a European and global political economy, thereby delivering comparative breadth that supersedes localized understandings of the crisis. Thus for each of the three Baltic states, individual chapters explore the different economic and social dimensions of neo-liberal post-communism and the subsequent wider global economic and financial crisis in which these newly financialized economies have found themselves especially vulnerable. The "austerity model" adopted by Baltic national governments in response to the crisis reveals the profound vulnerabilities created by their unwavering commitment to liberalized economies, not least in terms of the significant "exit" of their labor forces and consequent population loss.¿
This book looks beyond basic financial metrics claiming a success story for the Baltic austerity model to reveal the damaging economic and social consequences, first of neo-liberal policies adopted during transition, and latterly of austerity measures based on "internal devaluation." Combined these policies undermine the possibility of longer-term recovery and even social and economic sustainability, not to mention prospects for successful integration in the now-faltering European project that has departed from its "Social Model" roots.
We examine each of the Baltic States by connecting national level studies within a European and global political economy, thereby delivering comparative breadth that supersedes localized understandings of the crisis. Thus for each of the three Baltic states, individual chapters explore the different economic and social dimensions of neo-liberal post-communism and the subsequent wider global economic and financial crisis in which these newly financialized economies have found themselves especially vulnerable. The "austerity model" adopted by Baltic national governments in response to the crisis reveals the profound vulnerabilities created by their unwavering commitment to liberalized economies, not least in terms of the significant "exit" of their labor forces and consequent population loss.¿
This book looks beyond basic financial metrics claiming a success story for the Baltic austerity model to reveal the damaging economic and social consequences, first of neo-liberal policies adopted during transition, and latterly of austerity measures based on "internal devaluation." Combined these policies undermine the possibility of longer-term recovery and even social and economic sustainability, not to mention prospects for successful integration in the now-faltering European project that has departed from its "Social Model" roots.
Jeffrey Sommers isAssociate Professor of Political Economy & Public Policy at the University of Wisconsin-Milwaukee.
Charles Woolfson is a labour sociologist at the Institute for Research on Migration, Ethnicity, and Society (REMESO), Linköping University, Sweden.
Introduction 1. Austerity, Internal Devaluation and Social (In)Security in Latvia 2. Stockholm Syndrome in the Baltics 3. Failed and Asymmetrical Integration 4. The Lithuanian Labor Market under the Impact of Crisis5. Balancing between Exit, Voice and Loyalty: Labor Market Policy Choices in Estonia Conclusion
Erscheinungsjahr: | 2015 |
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Fachbereich: | Allgemeines |
Genre: | Importe, Wirtschaft |
Rubrik: | Recht & Wirtschaft |
Medium: | Taschenbuch |
ISBN-13: | 9781138648852 |
ISBN-10: | 113864885X |
Sprache: | Englisch |
Einband: | Kartoniert / Broschiert |
Redaktion: |
Sommers, Jeffrey
Woolfson, Charles |
Hersteller: | Routledge |
Verantwortliche Person für die EU: | Libri GmbH, Europaallee 1, D-36244 Bad Hersfeld, gpsr@libri.de |
Maße: | 234 x 156 x 11 mm |
Von/Mit: | Jeffrey Sommers (u. a.) |
Erscheinungsdatum: | 09.12.2015 |
Gewicht: | 0,316 kg |