European Social Model Reform
This essay explores issues facing the European social models to answer in what ways these models should be reformed.
# 120148 | 1,629 words | 6 sources | MLA | 2010 |
Published on Jun 06, 2010 in Economics (International) , Economics (Labor) , European Studies (General) , Labor Studies (General)
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This essay explores the different European social models and their effect on the business environment. The essay explores issues in the European business world such as hiring, employment levels, job loss and international competition. The essay finds that the most pressing issues motivating reform of the European social models include benign growth of the E.U., dwindling profitability, high unemployment, and liabilities generated by rigid labor and fiscal policy. Further, it finds that the necessary changes include labor market liberalization and a transition from the bank-led/government-provided financing toward a capital-market based financing policy.
From the Paper:"Labor reform, the most pressing issue facing member states of the E.U., provides a salient impetus for strategic change amongst European firms. According to Nickel, "Labor market legislation is typically put in place to protect employees from arbitrary, unfair or discriminatory actions on the part of employers. In so doing, it may raise the effective cost to firms of employing workers and/or raise the effective cost of adjusting levels of employment." The cost of firms to employ workers, without being able to adjust staffing needs when the market demands, suffocates economic growth."
Sample of Sources Used:
- "EU Debates European Social Model", EurActive, October 2005
- "The ETUC Supports the Airbus Workers", Particia Grillo, European Trade Union Confederation (ERUC)
- "Flexibility and Secured Employment", Debora Jeske and Thomas Kieselbach, Monitoring Innovative Restructuring in Europe
- "Globalization and the Reform of European Social Models", Andre Sapir, Bruegel
- "Unemployment and Labor Market Rigidities: Europe versus North America", Stephen Nickell, The Journal of Economic Perspectives 1997
Cite this Analytical Essay:
European Social Model Reform (2010, June 06) Retrieved July 27, 2021, from https://www.academon.com/analytical-essay/european-social-model-reform-120148/
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