Growth and Welfare in Advanced Capitalist Economies How Have Growth Regimes Evolved?

Growth and Welfare in Advanced Capitalist Economies takes stock of the major economic challenges that advanced industrial democracies have faced since the early 1990s and the responses by governments to them. It has three goals: firstly, to further our understanding of how political economies have transformed over the past decades; secondly, to analyse the contribution of governments to these changes, by looking at their growth strategies and thirdly, to highlight and analyse the role of the reforms of welfare systems in this transformative change.

In a nutshell, this book maps and provides general understanding of the evolution of growth regimes in advanced capitalist countries. It identifies five main growth regimes in contemporary advanced capitalist economies (three export-led and two domestic demand-led ones). To do so the book combines a supply side approach to economic growth as advocated by the Varieties of Capitalism Literature (OUP, 2001) with a demand side perspective as the recent discussion on growth models has exemplified. It argues that all political economies consist of growth regimes, which are based on a set of institutions that shape the supply side of the economy as well as on demand drivers such as government spending and private consumption. Both supply and demand are heavily shaped by the welfare state which provides for skills through education systems and stimulates demand through high social spending and private pension funds. The book focuses on the analysis of welfare reforms as growth strategies pursued by governments in an era characterised by financialization and the rise of the knowledge economy.

Anke Hassel, Professor of Public Policy, Hertie School Berlin,Bruno Palier, CNRS Research Director, Sciences Po, Centre d'?tudes europ?ennes et de politique compar?e

Anke Hassel is Professor of Public Policy at the Hertie School of Governance. Anke Hassel has extensive international experience and scientific expertise in the fields of the labour market, social partnership, codetermination, and the comparative political economy of developed industrial nations. She has also been a member of the German Federal Government's High-Tech Forum since January 2019.


Bruno Palier is CNRS Research Director at Sciences Po, Centre d'?tudes europ?ennes et de politique compar?e. He was director of LIEPP (Laboratory for Interdisciplinary Evaluation of Public Policies) from October 2014 to July 2020. His research focuses on the comparative political economy of welfare state reforms.

1. Tracking the Transformation of Growth Regimes in Advanced Capitalist Economies, Anke Hassel and Bruno Palier
2. How Growth Strategies Evolve in the Developed Democracies, Peter Hall
3. European Growth Models Before and After the Great Recession, Lucio Baccaro and Jonas Pontusson
4. Cross-National Variation in Growth Models: Three Sources of Extra Demand, Georg Picot
5. Forced Structural Convergence in the Eurozone, Fritz Scharpf
6. Producer Coalitions and National Growth Strategies, Kathleen Thelen
7. Growth Strategies and Employers' Coalitions: Renewing Welfare States, Cathie Jo Martin
8. 1. Strategies for Growth and Employment Creation in a Services Based Economy: Skill Formation, Equality, and the Welfare State, Anne Wren
9. Always a Winning Strategy? Wage Moderation's Conditional Impact on Growth Outcomes, Alison Johnston
10. Housing Finance Markets Between Social Welfare and Growth Strategies, Alexander Reisenbichler
11. Growth Strategies and Youth Welfare Citizenship: Youth and Skill Policies, Tom Chevalier
12. Growth Strategies and Welfare State Reforms in Europe, Sonja Avlijaš, Anke Hassel, and Bruno Palier