The Netherlands: Transforming a Market Economy

The striking turnaround in the Netherlands economic performance over the past decade and a half has attracted widespread attention. Emerging from deep recession and high unemployment in the early 1980s, the economy shifted to a pace of growth more rapid than that in neighboring economies, and posted a rise in employment close to that in the United States. However, a number of important problems remain to be tackled to further strengthen economic performance in the Netherlands. The material presented in this paper was originally prepared as background for discussions in the IMF Executive Board and takes account of developments through March 1999.
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Volume/Issue: Volume 1999 Issue 008
Publication date: July 1999
ISBN: 9781557758040
$15.00
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Business and Economics , Banks and Banking , Inflation , Labor , Public Finance , Taxation - General , OP , firm , bank , deutsche mark , market , GDP , reform , wage behavior , behavior in the Netherlands , reform effort , employment growth , internationalization strategy , bank market , demand and supply side reform , Employment , Wages , Labor markets , Social security contributions , Minimum wages , Europe , Western Europe , Global

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Summary

The striking turnaround in the Netherlands economic performance over the past decade and a half has attracted widespread attention. Emerging from deep recession and high unemployment in the early 1980s, the economy shifted to a pace of growth more rapid than that in neighboring economies, and posted a rise in employment close to that in the United States. However, a number of important problems remain to be tackled to further strengthen economic performance in the Netherlands. The material presented in this paper was originally prepared as background for discussions in the IMF Executive Board and takes account of developments through March 1999.

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