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'Growth and Welfare in Advanced Capitalist Economies' takes stock of the major economic challenges that advanced industrial democracies have faced since the early 1990s and the responses by governments to them. It has three goals: firstly, to further our understanding of how political economies have transformed over the past decades; secondly, to analyse the contribution of governments to these changes, by looking at their growth strategies and thirdly, to highlight and analyse the role of the reforms of welfare systems in this transformative change. In a nutshell, this book maps and provides general understanding of the evolution of growth regimes in advanced capitalist countries. It identifies five main growth regimes in contemporary advanced capitalist economies (three export-led and two domestic demand-led ones).

From 'a frozen landscape' to structural reforms: the sequential transformation of Bismarckian welfare systems / Bruno Palier and Claude Martin -- When past reforms open new opportunities: comparing old-age insurance reforms in Bismarckian welfare systems / Giuliano Bonoli and Bruno Palier -- Towards Neo-Bismarckian health care states? Comparing health insurance reforms in Bismarckian welfare systems / Patrick Hassenteufel and Bruno Palier -- Continental drift: on unemployment policy change in Bismarckian welfare states / Daniel Clegg -- From subsidiarity to 'free choice': child- and elder-care policy reforms in France, Belgium, Germany and the Netherlands / Nathalie Morel -- Activation as a common framework for social policies towards lone parents / Trudie Knijn, Claude Martin, and Jane Millar -- Long-term care policies in Italy, Austria and France: variations in cash-for-care schemes / Barbara Da Roit, Blanche Le Bihan, and August Österle -- Family policies in Germany and France: the role of enterprises and social partners / Ute Klammer and Marie-Thérèse Letablier.

Gathering among the best European specialists of welfare state comparisons, this book organises comprehensive and up to date information on European welfare state reforms in an analytical framework which allows a new approach to social policy changes.: Demonstrates that, contrary to the common view, 'Bismarckian' welfare states have changed significantly; Contains long term but also very accurate data and perspective beginning from the 1980s and up to the most recent reforms; Speaks to two literatures: the one on welfare state, social policies and welfare state reforms; the other to the politi.

The article reviews the recent advances in comparative political economy. It reconnects knowledge on growth regimes and welfare regimes by analyzing how growth and welfare regimes covary over both time and space. It underlines the fact that governments pursue different growth strategies to adjust to new economic environments, focusing in particular on welfare state reforms. Synthesizing the literature, we propose a definition of growth and welfare regimes that integrates different engines of growth as a way to track general trends in the evolution of capitalism. We analyze the main trends of three eras of capitalism: Fordism, neoliberal financialization, and the digitalized knowledge-based economy. We trace the various paths of change by identifying the five growth strategies governments have pursued to adapt their growth and welfare regimes to the new capitalist era. The result is not a typology of fixed types of capitalist models but a dynamic process of adjustment.