The Contradictions of Austerity

Released on by Jeffrey Sommers
preview-18

  • The Contradictions of Austerity Book Detail

  • Author : Jeffrey Sommers
  • Release Date : 2014-04-24
  • Publisher : Routledge
  • Genre : Business & Economics
  • Pages : 203
  • ISBN 13 : 131780015X
  • File Size : 61,61 MB
DOWNLOAD BOOK

The Contradictions of Austerity by Jeffrey Sommers PDF Summary

Book Description: The great financial crisis of 2008 and the ensuing global economic and financial turmoil have launched a search for "models" for recovery. The advocates of austerity present the Baltic States as countries that through discipline and sacrifice showed the way out of crisis. They have proposed the "Baltic model" of radical public sector cuts, wage reductions, labor market reforms and reductions in living standards for other troubled Eurozone countries to emulate. Yet, the reality of the Baltic "austerity fix" has been neither fully accepted by its peoples, nor is it fully a success. This book explains why and what are the real social and economic costs of the Baltic austerity model. 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.

Disclaimer: www.yourbookbest.com does not own The Contradictions of Austerity books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

The Contradictions of Austerity

The Contradictions of Austerity

File Size : 11,11 MB
Total View : 3486 Views
DOWNLOAD

The great financial crisis of 2008 and the ensuing global economic and financial turmoil have launched a search for "models" for recovery. The advocates of aust

The Contradictions of Austerity

The Contradictions of Austerity

File Size : 37,37 MB
Total View : 9170 Views
DOWNLOAD

The great financial crisis of 2008 and the ensuing global economic and financial turmoil have launched a search for "models" for recovery. The advocates of aust

Movement Parties Against Austerity

Movement Parties Against Austerity

File Size : 76,76 MB
Total View : 2879 Views
DOWNLOAD

The ascendance of austerity policies and the protests they have generated have had a deep impact on the shape of contemporary politics. The stunning electoral s

Politics in the Age of Austerity

Politics in the Age of Austerity

File Size : 45,45 MB
Total View : 1353 Views
DOWNLOAD

In a world of increasing austerity measures, democratic politics comes under pressure. With the need to consolidate budgets and to accommodate financial markets