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Dienstag, 11. September 2012

New Index of Modern Social Market Economies

In times of the financial crisis much was written about the advantages of having the social market economy instead of the market economy american style. The challenge was always to measure the degree of "social" in that context. With the MSME index my fellow colleague Cortnie Shupe is going to fill the expression with life and concrete examples. In fall this year the first results are expected to be published. If you have any questions or comments don´t hesitate to get in contact with her.

"The “Index of Modern Social Market Economies” (MSME Index) defines and measures the features of a modern social market economy in international comparison. In contrast to other indices that measure economic performance, the MSME Index takes an institutional approach, outlining a system of essential institutions and measurable indicators for the construction and assessment of modern social market economies. Among other insights, the index could guide the European Union toward achieving the “highly competitive social market economy” that it defines in the Lisbon Treaty as its desired economic order."