Abstract
This chapter shows how coordination influenced economic policy. 'Policy learning' is a concept that explains how new views slowly spread among various groups creating support for policy change. The implementation of a new policy paradigm is strongly dependent on the institutional structure. Wage restraint also served to help the economy to remain internationally competitive. The combination of new industrial policy and wage restraint clearly boosted investment. Investments started to increase and private sector expenses on research and development increased. The scope for privatization in the Netherlands was limited, owing to the comparatively low number of state-owned enterprises. Domestic neoliberal economic policy is related to, or to a certain degree even prompted by technological change and developments in the international economy. Labor market policies in the field of skills training, employment incentives, and startup incentives play a complementary role and increase the competitive advantages of an advanced economy.Keywords: economic policy; labor market policy; policy learning; privatization; wage restraint
Published Version
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