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Social Democracy in Neoliberal TimesThe Left and Economic Policy since 1980$
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The Late Andrew Glyn

Print publication date: 2001

Print ISBN-13: 9780199241378

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780199241378.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 25 July 2021

The Austrian Experience

The Austrian Experience

Chapter:
(p.53) 3 The Austrian Experience
Source:
Social Democracy in Neoliberal Times
Author(s):

Alois Guger

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199241378.003.0003

After the Second World War, the major political affiliations in Austria, the conventionalists and the reformists, which compose the Grand Coalition Government, agreed to prioritise growth strategies. This undertaking was relevant to the strengthening of nation-building and the recovery from shocks such as excessive inflation and high unemployment. To elaborate on the experiences and the counteractive actions of the Austrian administration, this chapter describes the state's economic performance and development indicators grounded on an international comparative paradigm and the Austro-Keynesian model (which mainly examines economic stability with respect to social relations, the labour force, and exchange rates). The discussion ends with the enumeration of limited scope, threats, opportunities, and potential modifications in the policymaking process.

Keywords:   post-Second World War, Austria, growth strategies, economic soundness, Austro-Keynesian model

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