Austerity and the demise of social Europe: the Baltic model versus the European social model

Collection:
Mokslo publikacijos / Scientific publications
Document Type:
Straipsnis / Article
Language:
Anglų kalba / English
Title:
Austerity and the demise of social Europe: the Baltic model versus the European social model
In the Journal:
Globalizations. 2016, 13, 1, p. 78-93
Summary / Abstract:

LTReikšminiai žodžiai: Baltijos valstybės; Baltijos šalys (Baltic states); Europos socialinis modelis; Griežtumas; Makroekonominė politika; Neolibaralizmas; Neoliberalizmas; Taupymas; Vidinis nuvertinimas; Vidinė devalvacija; Austerity; Baltic states; European social model; Internal devaluation; Neoliberalism.

ENThis article draws on the experience of the imposition of radical austerity measures in the Baltic states. It challenges the myth that austerity can be achieved in a socially and economically ‘costless’ manner. Baltic-style austerity has now become a template of ‘successful adjustment’ and a recipe for recovery of the Eurozone. The authors argue contra such ‘myth-making’ that austerity is compromising the longer run sustainability of societies that follow this path, while simultaneously ending prospects of the adhesion of a European ‘Social Model’ in the post-communist periphery. The article is a contribution to an emerging debate in academic and policy circles concerning the viability and future of Europe's ‘Social Model’ in an age of austerity. [From the publication]

DOI:
10.1080/14747731.2015.1052623
ISSN:
1474-7731; 1474-774X
Related Publications:
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https://www.lituanistika.lt/content/71477
Updated:
2023-08-04 17:46:32
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