Chapter

The Dynamics and Mechanics of Policy Adjustment in Britain, Germany, and France

Vivien A. Schmidt

in The Futures of European Capitalism

Published in print August 2002 | ISBN: 9780199253685
Published online November 2003 | e-ISBN: 9780191600210 | DOI: http://dx.doi.org/10.1093/0199253684.003.0003
The Dynamics and Mechanics of Policy Adjustment in Britain, Germany, and France

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Whatever the convergent pressures of globalization and Europeanization, countries have manifested divergent policy responses, depending upon a number of significant variables. This chapter identifies five mediating factors that shed light on the dynamics of policy adjustment—economic vulnerability, political institutional capacity, policy legacies, policy preferences, and discourse—to elucidate the different sequencing of responses of Britain, Germany, and France in monetary, industrial, labour, and social policy. It then adds the EU‐specific institutional constraints—the decisions that may provide more or less specified rules, suggested rules, or no rules at all—to help explain the mechanics of policy adjustment in such sectors as European monetary integration, financial services, telecommunications, electricity, and transport.

Keywords: Britain; discourse; European Union; Europeanization; France; Germany; globalization; institutional constraints; policy adjustment; policy responses

Chapter.  18554 words.  Illustrated.

Subjects: Comparative Politics

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