220048 The European Regimes of Production and Consumption during Globalisation Process (S) (WiSe 2009/2010)

Can the Central-European Economic Model survive in times of an accelerated Globalisation? Is there any room left for different approaches to economic and social policy? Does international competition force the ever more integrating economies to follow the path of ‘one best practise’? Theses are the current central question not only for European economic policy makers, but also for governments, trade unions, and other NGOs.
However, regardless of adaptations of elements from the Anglo-Saxon into the Central-European Economic model, globalisation did not lead to an entire equalisation of Production Regimes. Even though, both production regimes share a number of features for creating the wealth of nations, in other aspects both do differ significant one from another.
Aim of the course is firstly to analyse the sources and preconditions of western economic development and growth. An introduction into basic economic models concerning productivity, growth, distribution forms the first part of the course. In the second part participants study economic theories and approaches beyond classical and neoclassical economics like new institutional economics and new economic geography. The last part is dedicated to the empirical application of the economic theories to the historical development of the central European, exemplified by Germany and the US American, as case for Anglo-Saxon Production regime.

Requirements for participation, required level

Gute Sprachkenntnisse in Englisch

Bibliography

Essential Readings:
In order to follow the course, the following books are essential:
Krugman, Paul / Obstfeld, Maurice: International Economics. New York, 1991; Hall, Peter A. / Soskice, David: Varieties of Capitalism, Oxford 2001; Abelshauser, Werner: The Dynamics of German Industry. Germany's Path toward the New Economy and the American Challenge, New York , Oxford 2005

Further Readings:
Hall, Peter A. / Gingerich, Daniel W. (2001) Varieties of Capitalism and Institutional Complementarities, http://www.unc.edu/depts/europe/ conferences/capitalism/ papers/hall_p.doc; Czada, R./ Lütz, S.: Die politische Konstruktion von Märkten. Wiesbaden 2000; Lange, E.: Marktwirtschaft. Opladen 1989; Ritter, U.: Vergleichende Volkswirtschaftslehre. München 1992; Scott Foresman/Little Brown, 1988; Beck, Stefan / Klobes, Frank / Scherer, Christoph: Surviving Globalisation. Perspectives for the German Model. Berlin 2005; Michael Porter: Competitive Advantage of Nations. Harvard Business Review, March-April, 1990; D. C. North: Structure and Change in Economic History (New York: W. W. Norton, 1981). p.158-170, 201-209; Ders.: Institutions, Institutional Change and Economic Performance (Cambridge, England: Cambridge University Press, 1990); J. Rogers Hollingsworth and Robert Boyer (Ed.): Contemporary Capitalism: The Embeddedness of Institutions, Cambridge, England: Cambridge University Press, 1997; Egon Matzner, Wolfgang Streeck (Hg.) Beyond Keynesianism, Aldershot: Elgar, 1991; Vitols, Sigurt: Globalisation and the Transformation of the German Model. In: Stubbs,R./ Underhill,G.: Political Economy and the Changing Global Order. Oxford 2005; Wolfgang Streeck and Colin Crouch (ed.): Political Economy of Modern Capitalism. London 1997; Herbert Kitschelt et. al. (Hg.): Continuity and Change in Contemporary Capitalism, Cambridge; David Soskice, „Globalisierung und institutionelle Divergenz: Die USA und Deutschland im Vergleich“, Geschichte und Gesellschaft, 25 (1999)