European economic and social model
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:
- low governmental intervention
- lower standards of protection for workers
But, 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.
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See also Scandinavian model.