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Wage Setting, Social Pacts and the Euro

A New Role for the State

Anke Hassel

334 pages
Amsterdam University Press
Globalization, financial liberalization and neo-liberal economic policy thinking have been seen as contributors to the demise of social partnership in Western Europe. Recent examples of the re-emergence of social pacts have challenged these assumptions. The book offers a theoretical understanding of the challenges that increasing monetary integration posed for existing modes of adjustment in the political economies of EU member states, and explains why many governments have chosen to negotiate with trade unions over economic adjustment.
Author Bio
Anke Hassel is professor of public policy at the Hertie School of Governance in Berlin, Germany. Prior to that she was professor of sociology at the International University Bremen, senior researcher at the Max Planck Institute for the Study of Societies and spent a year in the planning division of Germany’s federal Ministry of Economics and Labour.