The Challenge of Globalization for Germany's Social Democracy: A Policy Agenda for the 21st Century

The Challenge of Globalization for Germany's Social Democracy: A Policy Agenda for the 21st Century

The Challenge of Globalization for Germany's Social Democracy: A Policy Agenda for the 21st Century

The Challenge of Globalization for Germany's Social Democracy: A Policy Agenda for the 21st Century

Synopsis

"Modell Deutschland," once admired worldwide, has lost much of its shine, due to a number ofinternal and external factors. This important and timely volume deals with the economic andpolitical pressures and challenges of globalization and is particularly concerned with their effecton social policy, labor markets, environmental policies and technological change. Distinguishedacademic experts and leading politicians discuss these problems both from an internationalperspective and against the background of debates currently going on in Germany.

Dieter Dettke is foreign policy and security policy specialist and has published widely on these issues. He has been Executive Director of the Friedrich Ebert Foundation Washington Officesince 1985.

Excerpt

In recent years the world economy has changed rapidly, becoming much more international, which many see as a new quality. This change is known as globalization. Notable elements of globalization can be detected in concrete developments. Take, for example, the European Union. Following its enlargement to fifteen countries consisting of a total of 370 million people, it has become the largest domestic market in the world. the fall of the Iron Curtain has made a gradual eastward enlargement of the European Union possible. in addition, as Russian reforms progress, this large country will also be further integrated into the world market.

Former developing countries and threshold countries are increasingly turning into high-performance competitors. On the model of the single European market, new regional trade blocs have emerged worldwide. This is illustrated by the North American Free Trade Agreement (NAFTA) between the United States, Canada, and Mexico. Moreover, the removal of international trade barriers within the framework of the World Trade Organization (WTO) and the development of a global financial market have added new and important incentives to international economic interaction.

Due to the globalization of the economy, the mobility of goods and services, as well as the amount of capital and technological . . .

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