Social Market Economy as Alternative Approach of Capitalism after the Financial and Economic Crisis (Ralph M. Wrobel)
In this essay, Wrobel aims to show how a social market economy can hep to prevent a reoccurrance of financial crises and analyses, whether a social market economy can be exported to other, especially developing countries.
In this speeach, Monti outlines essential features and workings of a social market economy in the context of the European Union and its member states, such as providing a strong framework for competition and implementation of regulations.
Katja Bender explains how social protection and assistance schemes of a social market economy can help alleviate poverty if adopted in a variant form by low and middle income countries.
Feng Xingyuan examines whether the principles for shaping a social and ecological market economy can be implemented in China and what China has to do to achieve its goal of transforming into a socialist market economy in the future.
Tomas Krabec shows that by implementing constitutive and regulative principles, reducing the time and effort for economic processes such as creating a new limited liability company, and adopting a clear and long-lasting economic policy, CEE countries have the potential to achieve success/development under a social market economy.
Christian Joerges and Florian Rödl examine the suitability of the social market economy model in alleviating the European Union’s social deficits. By outlining the difficulties in introducing a social policy in Europe and the history and original concept of social market economy, they come to the conclusion that the implementation of a social market economy in the form of constitutional principle is not possible for the EU and that alternative measures must be sought to create a social Europe.
Ulrich Witt, Professor of Economics and director of the Max-Planck Institute for Research into Economic Systems, discusses Germany’s dilemma in fulfilling the concepts of its social market economy. Ensuring economic freedom and social balance simultaneously is proving to be a serious dilemma. As factions in society such as trade unions promote their own agenda under the umbrella of “social corrections”, the German economy is moving further and further away from the original concepts of its social market economy. Can the concept of social market economy really be successfully implemented?