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Economic System

Pile of coins © photocase.com/***DJ***

© photocase.com/***DJ***

The Austrian economic model and the distinctiveness of the Social Partnership.

The economic model of Austria is based on the principles of

  • political stability
  • social harmony
  • co-operation between employer and employee organisations
  • stable homeland security and
  • full integration into the global economy.

An especially productive atmosphere of co-operation between various interest groups and political parties prevails in Austria.

Social Partnership

The Social Partnership is distinct to Austria and in practice extends to all areas of economic and social politics. Austria sets an example for the comprehensive and co-ordinated co-operation between different interest groups.

Representation of Interests

These chambers are the legal representatives with mandatory membership for entrepreneurs or employees. The Austrian Trade Union Association offers optional membership.
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