Tripartism

Common card · No. 374911

Tripartism is an economic system of neo-corporatism based on a mixed economy and tripartite contracts between employers' organizations, trade unions, and the government of a country. Each is to act as a social partner to create economic policy through cooperation, consultation, negotiation, and compromise. In Tripartism, the government has a large role in the economy and engages in negotiations between labour unions and business interest groups to establish economic policy. Tripartism became a popular form of economic policy during the economic crisis of the 1930s. Tripartism was supported by several different political movements at this time, including: Catholic social teaching, fascism, and democratic political movements. Tripartism is a prominent economic policy in Europe, particularly where Christian democratic parties influenced by Catholic social teaching have held power; it is a core part of the Nordic model seen in the economic systems of Scandinavia and the Benelux that were put...

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