Jump to ContentJump to Main Navigation
Unwitting ArchitectGerman Primacy and the Origins of Neoliberalism$
Users without a subscription are not able to see the full content.

Julian Germann

Print publication date: 2021

Print ISBN-13: 9781503609846

Published to Stanford Scholarship Online: May 2021

DOI: 10.11126/stanford/9781503609846.001.0001

Show Summary Details
Page of

PRINTED FROM STANFORD SCHOLARSHIP ONLINE (www.stanford.universitypressscholarship.com). (c) Copyright Stanford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in SSO for personal use.date: 25 September 2021

Deflecting Neoliberalism

Deflecting Neoliberalism

Power and Purpose in Germany’s Eurocrisis Management

Chapter:
(p.164) Chapter 7 Deflecting Neoliberalism
Source:
Unwitting Architect
Author(s):

Julian Germann

Publisher:
Stanford University Press
DOI:10.11126/stanford/9781503609846.003.0008

This chapter explores how the German political economy was transformed by the global rise of neoliberalism and how this change feeds into Germany’s approach to the eurocrisis. Rather than being pushed down an Anglo-American road, German policymakers still seek to preserve what is left of the domestic compromise between capital and labor. The chapter argues that China’s massive demand for German exports informs the long-term vision of a neoliberal Europe structurally adjusted to support the global position of German manufacturers. At the same time, the perceived threat of US interest rates rising out of step with economic conditions in Europe and emerging markets hardened the German stance on austerity during the fever-pitched policy battles at the height of the eurocrisis. Together, these international pressures and opportunities have produced the predicament of German primacy as a transformative and yet destabilizing force within the EU.

Keywords:   global value chains, European Union, eurocrisis, neoliberalism, austerity, exports, Germany, China, ordoliberalism, social market economy

Stanford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.