Globalization and the Welfare State: A Review of Hans-Werner Sinn's Can Germany Be Saved?
Abstract:What are the challenges that globalization makes on welfare states and how should welfare states respond? How should welfare states be designed to enable countries to reap the benefits of globalization? These are the main themes of Hans-Werner Sinn's book, Can Germany Be Saved? We view Germany as a case study of how a welfare state can go wrong in reacting to the pressures of globalization. We present two views of globalization—the "specialization view" (of Sinn) and the "Great Reorganization view" (ours)—and examine the policy implications of each for the welfare state design.
Document Type: Research Article
Publication date: March 1, 2009
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- The Journal of Economic Literature (JEL) began publication in 1969 under the auspices of the American Economic Association with quarterly issues appearing in March, June, September, and December. JEL contains survey and review articles, book reviews, an annotated bibliography of newly published books, and a list of current dissertations in North American universities.
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