Growth, Crisis, Democracy The Political Economy of Social Coalitions and Policy Regime Change

Hideko Magara, "Growth, Crisis, Democracy: The Political Economy of Social Coalitions and Policy Regime Change "
English | ISBN: 1138222186 | 2017 | 264 pages | PDF | 10 MB
Since the global financial crisis of 2008, advanced economies have been making various efforts to overcome the economic impasse. While the contrast between the countries that have escaped from the crisis relatively quickly and those still suffering from serious problems is becoming clearer, a new economic crisis stemming from newly emerging economies has again impacted advanced economies. In retrospect, both leftist and rightist governments in advanced economies pursued expansive macroeconomic and welfare policies from the post-WWII period to the oil shocks of the 1970s. While we recognise that the particular policy regime in this 'Golden Decades' during which the left and the right implemented similar policies cross-nationally, were characterised by outstanding economic growth in each country, the specific growth patterns varied across countries. Different social coalitions underpinned different growth models.