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Can Germany Be Saved? - The Malaise of the World's First Welfare State (Paperback)
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Can Germany Be Saved? - The Malaise of the World's First Welfare State (Paperback)
Series: The Mit Press
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Loot Price R191
Discovery Miles 1 910
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A prominent economist argues in this German bestseller that Germany
can rescue its sluggish economy by transforming its social welfare
system and reforming its labor market and tax structure, offering
insights into economic dilemmas experienced by all advanced
economies in a time of globalization. What has happened to the
German economic miracle? Rebuilding from the rubble and ruin of two
world wars, Germany in the second half of the twentieth century
recaptured its economic strength. High-quality German-made products
ranging from precision tools to automobiles again conquered world
markets, and the country experienced stratospheric growth and
virtually full employment. Germany (or West Germany, until 1989)
returned to its position as the economic powerhouse of Europe and
became the world's third-largest economy after the United States
and Japan. But in recent years growth has slowed, unemployment has
soared, and the economic unification of eastern and western Germany
has been mishandled. Europe's largest economy is now outperformed
by many of its European neighbors in per capita terms. In Can
Germany Be Saved?, Hans-Werner Sinn, one of Germany's leading
economists, takes a frank look at his country's economic problems
and proposes welfare- and tax-reform measures aimed at returning
Germany to its former vigor and vitality. Germany invented the
welfare state in the 1880s when Bismarck introduced
government-funded health insurance, disability insurance, and
pensions; the German system became a model for other industrialized
countries. But, Sinn argues, today's German welfare state has
incurred immense fiscal costs and destroyed economic incentives.
Unemployment has become so lucrative that the private sector,
already under pressure from international low-wage competitors, has
increasing difficulties in paying sufficiently attractive wages.
Sinn traces many of his country's economic problems to an
increasingly intractable conflict between Germany's welfare state
and the forces of globalization. Can Germany Be Saved? (an updated
English-language version of a German bestseller) asks the hard
questions-about unions, welfare payments, tax rates, the aging
population, and immigration-that all advanced economies need to
ask. Its answers, and its call for a radical rethinking of the
welfare state, should stir debate and discussion everywhere.
General
Imprint: |
MIT Press
|
Country of origin: |
United States |
Series: |
The Mit Press |
Release date: |
February 2009 |
First published: |
2007 |
Authors: |
Hans-Werner Sinn
|
Dimensions: |
221 x 143 x 15mm (L x W x T) |
Format: |
Paperback
|
Pages: |
360 |
ISBN-13: |
978-0-262-51260-2 |
Languages: |
English
|
Subtitles: |
German
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Categories: |
Books >
Business & Economics >
Economics >
Political economy
|
LSN: |
0-262-51260-2 |
Barcode: |
9780262512602 |
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