Varieties of Capitalism and Europeanization: National Response Strategies to the Single European Market by Georg MenzVarieties of Capitalism and Europeanization: National Response Strategies to the Single European Market by Georg Menz

Varieties of Capitalism and Europeanization: National Response Strategies to the Single European…

byGeorg Menz

Paperback | November 20, 2008

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Europeanization has often been conceived as a top-down process, necessitating implementation and adjustment at the national level. However, Europeanization can also be conditioned by bottom-up national initiatives. While recent endeavors in comparative political economy have emphasized theresilience of coordinated market economies, few detailed empirical studies have examined to date exactly how different European systems of political-economic governance cope with and respond to an European impetus for liberalization. This original study of the impact of the EU-induced liberalizationof service provision on member states argues that innovative national re-regulatory strategies may be implemented in response to Europeanization. In permitting any company registered in an EU member state to provide services throughout Europe, new possibilities were created for the transnationalposting of workers from low-wage to high-wage countries. However, high-wage countries could re-regulate the wage levels applicable to such employees. The exact nature of such response strategy is coloured by the respective institutional power that labour market interest associations like tradeunions and employer associations command. Therefore, different institutionalised varieties of capitalism generate distinct re-regulations of the Single European Market.Drawing on detailed case studies of ten European countries, this volume bridges the gap between the rapidly unfolding scholarly debate on Europeanization and varieties of capitalism. It argues that both strongly neocorporatist systems of political-economic governance and statist systems are capableof creating swift, comprehensive and thorough national re-regulations. This applies to Austria and France, but also Sweden, Denmark, Norway, Finland, Belgium, and Luxembourg. By contrast, countries with less strongly embedded neocorporatist structures, in which due to organizational deficienciestrade unions face difficulties blocking employer demands, create liberal response strategies, permitting a stratification of wage levels. Hence, both Germany and the Netherlands implemented liberal business-friendly re-regulations. The volume makes the case for important amendments to existing accounts of Europeanization and varieties of capitalism. Scholars of Europeanization need to incorporate bottom-up re-regulation into their conceptual framework, particularly in response to 'negative integration'. Recent strides incomparative political economy have placed great emphasis on continued divergence, yet this study suggests that even within the presumably unified group of 'non-liberal' coordinated market economies important institutional differences produce very distinct responses in the face of Europeanliberalization.
Dr Georg Menz is Lecturer in Political Economy, Goldsmiths College, London
Title:Varieties of Capitalism and Europeanization: National Response Strategies to the Single European…Format:PaperbackDimensions:296 pages, 9.21 × 6.14 × 0.66 inPublished:November 20, 2008Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199551030

ISBN - 13:9780199551033

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Table of Contents

1. European Liberalization, National Varieties of Capitalism, and Re-Regulation2. Europeanization Meets Organized Capitalism3. The Institutional Power of Unions and Employers4. National Response Strategies to Transnational Challenges: Developments in France, Germany, and Austria5. Response Strategies Elsewhere in Northern Europe and a Comparison of the Response Capacity of National Models6. Implications and ConclusionAppendix A: Industrial Relations in EuropeAppendix B: A Discussion of the Two Institutionalist Approaches and a Detailed Introduction to the Hypotheses Derived From Them

Editorial Reviews

`The publication of this book will mark a major step forward in our understanding of the contemporary development of the European political economy... More than this, the author succeeds in engaging with, and subjecting to critique, a series of assumptions underpinning existing analyses of thetransformation of European capitalist systems. In doing so, we obtain a new understanding of the extent to which national "varieties of European capitalism" can maintain their distinctiveness in the face of new forces for regulatory reform coming from the EU supranational level. 'Prof. Martin Rhodes, European University Institute