Bulletin n. 1/2015 | ||
June 2015 | ||
Gehrold Stefan |
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Social Market Economy and Its Universal Validity | ||
in EuroAtlantic Union Review (The) , Volume 1, Number 0 , 2014 , 129-151 | ||
The purpose of this analysis was to outline the concept, the principles and the universality of social market economy. Its elements are not only valid in Europe, but they can rather be applied worldwide. As most of the highly developed countries in the world show signs of the institutions of social market economy and the good economic performance can be traced back to these institutions, social market economy is applicable worldwide. Furthermore, the successful implementation of the principles of social market economy in countries with unstable social and economic conditions, as shown in the example of post-war Germany, underlines the universality of the concept. There is absolutely no proof that a European model is by any means more competitive or more social or more successful, than an American model. If anything can be said at all, the contrary seems more likely. The theory of the superiority of a European Economic Model is a myth. | ||