Employment 'Miracles'

This insightful book examines the economic boom of the 1990s by analyzing the success of select 'miracle economies' and their unique institutional frameworks.

In Employment 'Miracles', the authors delve into the economic successes of select countries during the 1990s, exploring the factors that contributed to their impressive growth. This comparative analysis focuses on seven nations, including the Netherlands, Denmark, and Ireland, highlighting how their small size and unique institutional structures played a crucial role in their economic achievements. The contributors provide critical insights into these 'miracle economies' and how they serve as models for other nations seeking similar prosperity.

The book contrasts these economies with larger markets like the United States and Germany, examining how differing policies, such as liberal versus corporatist or social democratic approaches, impact job creation and income inequality. Through this lens, Employment 'Miracles' illustrates the complex interplay between economic policy and social outcomes, shedding light on how various strategies can lead to different levels of success in employment and wealth distribution.

Additionally, the authors emphasize the significance of fortunate circumstances, such as the housing price bubble, that may have inadvertently aided these economies during their boom periods. This multifaceted exploration makes Employment 'Miracles' an essential resource for political scientists and economists alike, offering valuable perspectives on the dynamics of employment development and the factors that drive economic success in diverse contexts.