What is neocorporatism?

Answer 1

Neocorporatism is a political and economic system where the government collaborates closely with organized interest groups, particularly labor unions and employer associations, to formulate and implement policies. This model emphasizes consensus-building and negotiation among these groups, often leading to coordinated economic and social policies. Unlike traditional corporatism, which may involve more authoritarian structures, neocorporatism typically operates within a democratic framework, promoting social dialogue and collective bargaining. It is often associated with welfare state models, particularly in Northern European countries.