Austerity after COVID-19: from emergency pragmatism to inclusive economic governance in Europe

Autor: Sebastian Kramer, Hans-Jürgen Urban
Rok vydání: 2021
Předmět:
Zdroj: The Changing Politics and Policy of Austerity ISBN: 9781447359531
The Changing Politics and Policy of Austerity
DOI: 10.51952/9781447359531.ch013
Popis: The process of European integration needs to be directed towards a fundamentally new path if the EU wants to surmount economic, social and environmental problems it is facing. On the one hand, this necessity emanates from the legacy of the damage caused by the EU’s austerity and structural adjustment policies. At the same time, it is indispensable, because the growth model prevailing in the EU is reaching its social and environmental limits and has become a real obstacle for sustainable prosperity. What is needed is a transition to a mode of economic governance that not only opens up scope to overcome austerity and structural reform policies, but which also offers a functional framework for the indispensable social-ecological transformation of the economy. Such an objective calls for inclusive economic governance, which, in overcoming the austerity regime, combines environmental, social as well as democratic policy objectives.
Databáze: OpenAIRE