본문 바로가기
KERD
논문KCI 등재

글로벌 금융위기에서 글로벌 케인지언 뉴딜로: 신 임금주도성장전략의 성공을 위한 과제

From Global Financial Crisis to Global Keynesian New Deal: For the Success of a Modern Version of Wage-led Growth Strategy

0

조회

0

다운로드

4

인용

0

참고문헌

키워드

주제분류경제학

초록

2007년에 시작된 서브프라임 금융위기이후 경제학자들과 정치가들은 지난 20년 동안 지배적이었던 신자유주의 발전모델 혹은 금융주도축적체제의 한계에 대하여 인식하기 시작하였다. 그 결과 보다 균형 있고 지속적인 성장을 위해서는 금융개혁과 더불어 임금 몫을 개선시키는 친 노동 분배정책이 필요하다는 것을 제안하게 되었다. 본 연구에서는 글로벌 금융위기를 초래한 원인들과 그 해결책을 알아봄으로써 글로벌 케인지안 뉴딜이 제안된 배경과 그 성공을 위한 조건들을 알아보았다. 임금주도성장전략은 금융부분의 규제강화와 더불어 생산성-임금연동을 복원하여 해결할 것을 제안하고 있다. 이에 덧붙여 글로벌 케인지안 뉴딜의 성공을 위해서는 기업지배구조개선과 소셜덤핑을 유발하는 세계화에 대한 통제 그리고 그린 뉴딜을 도입할 필요성을 강조하였다. 그러나 국가 간 이해의 차이를 고려할 때 이러한 위기탈출을 위한 조정과 국제협상이 용이하지 않음을 지적하였다.

Abstract

By considering the factors that brought about the global financial crisis and measures taken to resolve it, this study looks at the background behind proposals for a Global Keynesian New Deal, and the conditions for its success. We propose that a wage-led growth strategy accompanied by stronger regulation of the financial sector will rebuild the wage-productivity growth link and resolve related issues. In addition, we point out the necessity of corporate governance structure improvements, as well as controls over globalization, which is a cause of social dumping. Finally, we emphasize the need to introduce a “green deal” along with the Global Keynesian New Deal. However, the diversity of interests among countries makes quite problematic the neogotiations of common internatioonal rules and coordination of strategies out of the present crisis.

참고문헌 (46)

  1. G20 중견국 협력방안 보고서, "외교통상부", 외교통상부, ~ (2012)
  2. Adam, C., "Remarking Macroeconomic Policy after the Global Financial Crisis: A Balance Sheet Approach", Oxford Review of Economic Policy, 25(4), pp.507~552 (2009)
  3. Aglietta, M., "La Crise, Comment en Est-on Arrivé-là? Comment en Sortir?" (2008), Michalon
  4. Barba, A., "Rising Household Debt: Its Causes and Macroeconomic Implications: A Long Period Analysis", Cambridge Journal of Economics, 33(1), pp.113~137 (2009)
  5. Bhaduri, A., "Unemployment and the Real Wage: The Economic Basis for Contesting Political Ideologies", Cambridge Journal of Economics, 14(4), pp.375~393 (1990)
  6. Blair, M., "A Team Production Theory of Corporate Law", Virginia Law Review, 85(2), pp.247~328 (1999)
  7. Bowles, S., "Macroeconomic Policy after the Conservative Era" (1995), Cambridge University Press
  8. Bowles, S., "Contested Exchange: New Microfoundations for the Political Economy of Capitalism", Politics and Society, 18(2), pp.165~222 (1990)
  9. Boyer, R., "Is a Finance-led Growth Regime a Viable Alternative to Fordism? A Preliminary Analysis", Economy and Society, 29(1), pp.111~145 (2000)
  10. Boyer, R., "Thérie de la Régulation: 1. Les Fondamentaux" (2004), La Découverte
  11. Boyer, R., "The Present Crisis. A Trump for a Renewed Political Economy", Review of Political Economy, 25(1), pp.1~38 (2013)
  12. Coase, R. H., "The Nature of the Firm", Economica, 4(16), pp.386~405 (1937)
  13. Crotty, J., "Structural Causes of the Global Financial Crisis: A Critical Assessment of the ‘New Financial Architecture’", Cambridge Journal of Economics, 33(4), pp.563~580 (2009)
  14. Dutt, A., "Stagnation, Income Distribution and Monopoly Power", Cambridge Journal of Economics, 8(1), pp.25~40 (1984)
  15. Emerson, R. M., "Power-dependence Relations", American Sociological Review, 27(1), pp.31~41 (1962)
  16. Distribution, Financialization’ and the Financial and Economic Crisis: Implications for Post-crisis Economic Policies, "Hein, E.", MPRA, ~, pp.MPRA Paper, No. 31180 (2011)
  17. Hein, E., "Finance-dominated Capitalism in Crisis: The Case for a Global Keynesian New Deal", Journal of Post Keynesian Economics, 35(2), pp.187~213 (2013)
  18. Hein, E., "Distribution and Growth Reconsidered:Empirical Results for Six OECD Countries", Cambridge Journal of Economics, 32(3), pp.479~511 (2008)
  19. Jessop, B., "Economic and Ecological Crises: Green New Deals and No-growth Economies", Development, 55(1), pp.17~24 (2012)
  20. Jessop, B., "Revisiting the Regulation Approach: Critical Reflections on the Constructions, Dilemmas, Fixes and Crisis Dynamics of Growth Regimes", Capital and Class, 37(1), pp.5~24 (2013)
  21. Kaufman, B. E., "Institutional Economics and the Minimum Wage:Broadening the Theoretical and Policy Debate", Industrial and Labor Relations Review, 63(3), pp.427~453 (2010)
  22. Ponds and Streams: Wealth and Income in the U. S., 1989 to 2007, "Kennickell, A. B.", Federal Reserve Board, ~, pp.Federal Reserve Board Finance and Economics Discussion Series, 2009-13 (2009)
  23. Lavoie, M., "Financialization, Neo-liberalism and Securitization", Journal of Post Keynesian Economics, 35(2), pp.215~233 (2013)
  24. Wage-led Growth: Concept, Theories and Policies, "Lavoie, M.", ILO, ~, pp.Conditions of Work and Employment Series, No. 41 (2012)
  25. Lipietz, A., "Fears and Hopes: The Crisis of the Liberal-productive Model and its Green Alternative", Capital and Class, 37(1), pp.127~141 (2013)
  26. Naastepad, C. W. M., "OECD Demand Regimes(1996-2000)", Journal of Post-Keynesian Economics, 29(2), pp.213~248 (2007)
  27. Is Aggregate Demand Wage-led or Profit-led?, "Onaran, Ö.", ILO, ~, pp.Conditions of Work and Employment Series, No. 40 (2012)
  28. Palley, T., "The Economic Case for International Labour Standards", Cambridge Journal of Economics, 28(1), pp.21~36 (2004)
  29. Palley, T., "The Economics of Wage-led Recovery: Analysis and Policy Recommendations", International Journal of Labour Research, 3(2), pp.219~241 (2011)
  30. Rajan, R. G., "Corporate Governance: Theoretical and Empirical Perspectives", pp.210~227 (2000), Cambridge University
  31. Rodrik, D., "How Far Will International Economic Integration Go?", Journal of Economic Perspectives, 14(1), pp.177~186 (2000)
  32. Rodrik, D., "The Globalization Paradox: Democracy and Future of the World Economy" (2011), W. W. Norton & Company
  33. Rowthorn, R., "Demand, Real Wages and Economic Growth", Studi Economici, 18(1), pp.3~54 (1982)
  34. European Minimum Wage policy: A Concrete Project for a Social Europe, "Schulten, T.", ~, pp.European Economic and Employment Policy Brief, No. 2-2007 (2007)
  35. Stockhammer, E., "Financialization, Income Distribution and the Crisis", Investigación Económica, 71(1), pp.39~70 (2012)
  36. Rising Inequality as a Root Cause of the Present Crisis, "Stockhammer, E.", PERI, ~, pp.PERI Working Paper Series, No. 282 (2012)
  37. Stockhammer, E., "Accumulation, Distribution and Employment: A Structural VAR Approach to a Kaleckian Macro-model", Structural Change and Economic Dynamics, 15(4), pp.421~427 (2004)
  38. Wage-led Growth: Theory, Evidence and Policy, "Stockhammer, E.", PERI, ~, pp.PERI Working Paper Series, No. 300 (2012)
  39. Stockhammer, E., "Rethinking Wage Policy in the Pace of the Euro Crisis. Implications of the Wage-led Demand Regime", International Review of Applied Economics, 26(2), pp.191~203 (2012)
  40. Stout, L., "The Shareholder Value Myth" (2012), Berret-Koehler Publishers
  41. Tridico, P., "Financial Crisis and Global Imbalances: Its Labour Market Origins and the Aftermath", Cambridge Journal of Economics, 36(1), pp.17~42 (2012)
  42. Vidal, M., "On the Persistence of Labour Market Insecurity and Slow Growth in the US: Reckoning with the Waltonist Growth Regime", New Political Economy, 17(5), pp.543~564 (2012)
  43. Wade, R., "From Global Imbalances to Global Reorganizations", Cambridge Journal of Economics, 33(4), pp.539~562 (2009)
  44. Wade, R., "The Great Slump, What Next?", International Journal of Labour Research, 3(1), pp.21~49 (2011)
  45. Zingales, L., "The New Palgrave Dictionary of Economics and the Law", pp.497~502 (1998), Stockton Press
  46. Zingales, L., "In Search of New Foundations", Journal of Finance, 55(4), pp.1623~1653 (2000)

관련 논문AI추천

이 간행물의 다른 논문 (5건)