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Luxembourg: A Country Survey
DANESCU, Elena
2019In Hartley, Cathy (Ed.) Western Europe 2020
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Keywords :
Luxembourg; Luxembourg Political System; Luxembourg Economy; Luxembourg International Financial Center; Chamber of Deputies; Xavier Bettel; Jacques Santer; Jean-Claude Jucnker; Pierre Werner; Luxembourg Social Policy; Contemporary History of Europe; ARBED
Abstract :
[en] Beginning in the 20th century, Luxembourg experienced several periods of transition. The largely agriculture-based economy became industrialized, driven by a powerful steel industry which remained the dominant sector from the immediate post-Second World War years to the mid-1970s. The country had a considerable competitive advantage in this respect owing to iron ore deposits in Luxembourg itself and in the neighbouring French region of Lorraine. The industrial flagship was Aciéries Réunies de Burbach-Eich-Dudelange (ARBED), founded in 1911, which developed its production in Europe and established a global network of sales outlets. Between 1953 and 1968 the steel industry contributed approximately 25% of the country’s GDP growth, while steel production represented 50% of its added industrial value. Over the same period, the nominal wage grew by 29.3%. The improvement in living standards led to the emergence of the middle class and to an increase in urbanization. The Government improved the social security regime and extended it to all workers, thus helping to close the gap in social equality, raise living standards further and boost social cohesion in the country over the long term.
Research center :
- Luxembourg Centre for Contemporary and Digital History (C2DH) > Contemporary European History (EHI)
Disciplines :
History
Macroeconomics & monetary economics
International economics
General economics & history of economic thought
Strategy & innovation
Arts & humanities: Multidisciplinary, general & others
Author, co-author :
DANESCU, Elena  ;  University of Luxembourg > Luxembourg Center for Contemporary and Digital History (C2DH)
External co-authors :
yes
Language :
English
Title :
Luxembourg: A Country Survey
Publication date :
09 December 2019
Main work title :
Western Europe 2020
Editor :
Hartley, Cathy
Publisher :
Routledge, London, United Kingdom
Edition :
22nd edition
ISBN/EAN :
978-0367175344
Collection name :
Europa Publications
Peer reviewed :
Peer reviewed
Name of the research project :
Western Europe
Commentary :
The definitive survey of the countries and territories of Western Europe, comprising expert analysis and commentary, up-to-date economic and socio-political data and extensive directory information. General Survey- Essays by leading experts on the area cover issues of regional importance. Country Surveys- Individual chapters on each country, comprising: * an introductory survey, containing essays on the geography, history and economy of each country, including a chronology and map. * an extensive statistical survey of economic and demographic indicators, including area and population, health and welfare, agriculture, forestry, fishing, mining, industry, finance, trade, transport, tourism, communications media and education. * a comprehensive directory of names and contact details covering the most significant political and commercial institutions. *bibliographies of books and periodicals covering the region.
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