Coming Together but Staying Apart: Continuity and Change in the Swiss and Austrian Varieties of Capitalism

Uwe Becker (ed.) The Changing Political Economies of Small West European Countries. Amsterdam: Amsterdam University Press: 99-124

56 Pages Posted: 12 May 2009 Last revised: 29 Oct 2012

Date Written: October 6, 2010

Abstract

This paper provides an overview of continuity and change in the Swiss and Austrian political economies over the last 20 years. After outlining the different institutional foundations of economic governance in both countries (fragmented state, constrained executive power and bourgeois dominance in Switzerland, centralised state, stronger executive power and strong labour in Austria), the paper assesses general trends in economic policy and economic performance over the last 20 years. In a second section, the paper assesses continuity and change across different spheres of the economy: economic regulation and corporate governance, labour market policy and industrial relations, and welfare state reform. Despite a general trend towards a more market-driven economic model, different patterns of change can be observed both between countries and different spheres of the economy.

Keywords: Austria, Switzerland, Varieties of Capitalism, Political Economy, Welfare State, Industrial Relations, Corporate Governance, Institutions

JEL Classification: P16, J58, I30, G38, P52

Suggested Citation

Afonso, Alexandre and Mach, André, Coming Together but Staying Apart: Continuity and Change in the Swiss and Austrian Varieties of Capitalism (October 6, 2010). Uwe Becker (ed.) The Changing Political Economies of Small West European Countries. Amsterdam: Amsterdam University Press: 99-124 . Available at SSRN: https://ssrn.com/abstract=1402669

Alexandre Afonso (Contact Author)

Leiden University ( email )

Postbus 9500
Leiden, Zuid Holland 2300 RA
Netherlands

André Mach

University of Lausanne ( email )

Quartier Chambronne
Lausanne, Vaud CH-1015
Switzerland

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