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24 Comp. Pol. Stud. 3 (1991-1992)

handle is hein.journals/compls24 and id is 1 raw text is: 

This article compares variations in the level of unemployment in four small, open economies-
Austria, Belgium, the Netherlands, and Sweden. Rather than focusing on the political-institutional
differences between these four countries, the article examines international economic variables
such as the role of the European Monetary System, the structure of foreign trade, and linkages
to international markets to understand the greater deterioration of employment in Belgium and
the Netherlands. In turn, the decision to join the European Community and to seek firmer
integration into financial markets is attributed to the relatively greater influence of banking
capital or the financial sector in the systems of economic policy-making of Belgium and the
Netherlands. The article concludes that the detachment of the Austrian and Swedish economies
from the European experience in economic integration has greatly helped the Social Democrats
in these countries in fulfilling their promises of full employment.


                                   IN OPEN ECONOMIES:

                            The Impact of Trade, Finance,

                                    and European Integration

                                                   PAULETTE KURZER
                                                            Babson   College

A s the flow of literature on variations in unemployment demonstrates,
       the debate on what causes the divergences in labor market performance
is still unresolved. This article elaborates on some of the themes discussed in
the literature by comparing   the  labor market  record  of four small, open
economies   - Austria, Belgium, the Netherlands,  and Sweden.  The first ques-
tion is why  are unemployment levels so much higher in Belgium and the
Netherlands  than  in Austria and Sweden?   Most  studies argue that different

AUTHOR'S   NOTE:  I wish to express my appreciation to David Cameron and David Spiro for
their carefid comments and suggestions. Part of the research for this article was done during
1987and 1988 when I was a PostdoctoralFordFellow in European Society and Western Security,
Center for International Affairs, Harvard University.

COMPARATIVE  POLITICAL STUDIES, Vol. 24 No. 1, April 1991 3-30
C 1991 Sage Publications, Inc.

from the SAGE Social Science Collections. All Rights Reserved.

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