European economic and social model
In economic policy debates a contrast is sometimes made between a supposed European economic model and an Anglo-American model.
The European economic model is characterised as having:
- a “Welfare State”
- extensive government social regulation
- labour market protection
- safeguards for workers against being sacked without compensation
The Anglo-American model is characterised as having:
- a low level of governmental intervention
- lower standards of protection for workers .
- In fact there is wide variation in the degree of government intervention and worker protection amongst European States and there are significant levels of social protection in the UK and America.Because of this the usefulness of broad generalisations about a European "model" or an Anglo-American one is somewhat problematic.
See also Scandinavian model.