Unemployment in the New Europe by Nancy Bermeo

By Nancy Bermeo

The circulate for eu integration has yielded a ecu Union of fifteen states with a unified financial process that may ultimately embody over 370 million humans. If present tendencies proceed, a standard of 1 in ten of those humans could be unemployed. This booklet is ready unemployment and eu unification. It examines the results of every and their interconnections. It provides common essays on Europe as an entire, on hard work unions and on quite a few case reviews together with Spain, Portugal and the Netherlands. Its imperative argument is that the eu economic system may be reformed yet that it's going to hold a lot of its controlled facets and be cautious of modeling itself at the usa. The booklet contributes to the literature on ecu politics, political economic climate, and comparative public coverage.

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That, in turn, is likely to lead to some downward pressure on prices, and price harmonization at the low end, which will presumably be of greatest benefit to the producers who can sell profitably at the lowest price throughout the euro-zone. Conversely, smaller, high-cost producers who have heretofore benefited by operating behind various forms of national protection, including the ability to price goods in national currencies, may be hurt by that downward pressure on prices. As important as those changes in the competitive position of firms will be, both for the firms themselves and consumers, the aggregate effect of those changes on levels of unemployment is likely to be mixed.

1995); Boix (1997); Dolado and Jimeno (1997); Pérez (1997; 1999a); Perez-Diaz (1998). In 1994–96, Spain’s average annual rate of economic growth was between 2 and 3 percent. In 1997–99, its average annual rate of growth was between 3 and 4 percent. See European Commission (1998b: 82). On the reappearance in the 1990s of national-level bargaining in Spain, see Pérez (1999b). Pérez notes that the stage was set for the 1997 negotiations by a 1994 agreement between employers and the unions to shift some aspects of the regulation of labor markets to the collective bargaining process.

Bentolila, Samuel, and Olivier J. Blanchard. 1990. Spanish Unemployment. Economic Policy 10: 233–81. Bermeo, Nancy. 1994. Comments. , The Political Economy of Policy Reform. : Institute for International Economics. , and Jean-Paul Fitoussi. 1998. Croissance et chômage. Paris: Documentation française. , and Juan F. Jimeno. 1995. Structural Unemployment: Spain versus Portugal. American Economic Review 85: 212–18. , Juan Francisco Jimeno, Javier Andres, Charles Bean, Edmond Malinvaud, Ana Revenga, Gilles Saint-Paul, Dennis J.

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