Implementing Reforms During the Economic Crisis

Seminar paper from the year 2013 in the subject Politics - International Politics - Topic: Globalization, Political Economics, printed single-sided, grade: 2,0, Christian-Albrechts-University of Kiel, language: English, comment: There are few researches which are directly devoted to the problem of implementing reforms during the economic crisis. The given term paper contains the research about the reasons of success and failure of implementing economic reforms by some states of the Euro zone, especially in the times of crises. The appropriate theoretical approaches are introduces as well as empirical examples of Italy in 1990s and Ireland in 2008 - 2010 are analyzed. This all serve the base for the revealing of the reasons for success and failure of economic reforms by some states of the Euro zone. , abstract: Despite of the fact that the market economy has demonstrated its superiority before the others types of economies it is still not protected from crises. Economic crises are usually connected with the end of business cycles but they can also take place by the negative state of economy or mistakes of governments. In any case crises have negative influence on the electoral support of governments because voters have to accept such negative economic phenomena as unemployment, inflation, bankruptcy of banks and companies. Voters are inclined to blame governments and political actors with such problems. The most popular form of response of governments to economic crises is the implication of appropriate economic reforms. Some reforms can have negative consequences for voters and therefore for the electoral support and restrict some essential options of the welfare state. Nevertheless the examples from the current crisis of the Euro zone as well as the examples from previous crises show that certain states implement reforms and therefore overcome crisis more successful than others. In this way, the problem of this term paper is the following one: why are some count