Models of Capitalism in Europe: Towards the Return of the State?* by ProQuest


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									          Models of Capitalism in Europe:
          Towards the Return of the State?*

          Steffen Lehndorff

          The present economic crisis has sparked a new debate in a wider political
          and academic public about the role of the state in advanced capitalist so-
          cieties. The paper discusses this issue in a comparative perspective: How
          have different models of capitalism in Europe coped with major economic
          and societal challenges before the present crisis? Taking the UK and Swe-
          den as flagship examples for contrasting models of capitalism in Europe,
          and Germany as an increasingly controversial case between these poles,
          the paper describes major moves taken in these three countries, from the
          mid-1990s, to tackle the challenges of globalisation and the liberalisation
          of EU labour and product markets, and to respond to societal changes such
          as ageing and the changing gender roles. It concludes with a comparative
          assessment of changes in these three models of capitalism in Europe be-
          fore the current economic crisis as a basis for an outlook at the respective
          prospects in the near future, given the legacies of this crisis for public
          budgets and the capacities of the states.

          Key words: varieties of capitalism, co-ordinated and liberal market
          economies, role of the state in contemporary capitalism,
          welfare and gender regimes

     The findings and analysis presented in this article are based on the ‘Dynamics of
     National Employment Models’ (DYNAMO) project, which was funded by the Euro-
     pean Commission, and draw in particular on my work with Jill Rubery and Gerhard
     Bosch on editing a book on the changes in employment models in nine European
     countries (Bosch et al. 2009). Unless other sources are expressly indicated, the infor-
     mation on and assessments of the EU member states mentioned in the article are based
     on the country analyses published in this book and listed in the bibliography.

International Journal of Action Research, 6(1), 2010: 75-107   DOI 10.1688/1861-9916_IJAR_2010_01_Lehndorff
ISSN 1861-1303 (print), ISSN 1861-9916 (internet)               © Rainer Hampp Verlag,
76   Steffen Lehndorff

     1. Introduction
     The massive economic and financial crisis of 2008 and 2009 triggered a new
     debate on the future 
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