In this book, one of Germany's most influential economists
describes his country's economy, the largest in the European Union
and the third largest in the world, and analyzes its weaknesses:
poor GDP growth performance, high unemployment due to a
malfunctioning labor market, and an unsustainable social security
system. Horst Siebert spells out the reforms necessary to overcome
these shortcomings. Taking a broader view than other recent books
on the German economy, he considers Germany's fiscal policy stance,
product market regulation, capital market, environmental policy,
aging and immigration policies, and its system for human capital
formation as well as Germany's role in the European Union,
including the euro zone. Germany's system of economic governance
emerges as a common theme as Siebert examines why this onetime
economic powerhouse is today a faltering giant. He argues that what
Germany needs, above all, is a market renaissance; that it must
throw off the shackles of its social welfare economy and of its
hallmark consensus approach, whereby group-based cooperative
decision-making has undermined competition and markets. In doing so
he examines both the country's social security system and its labor
market, including trade unions. His focus throughout is on
Germany's present concerns, foreseeable future problems, and
long-term policy issues. The definitive word on the postwar German
economy to the present day, The German Economy is essential reading
for economists and finance professionals as well as students,
researchers, and others interested in modern-day Germany and its
place and prospects at the heart of Europe.
General
Imprint: |
Princeton University Press
|
Country of origin: |
United States |
Release date: |
September 2014 |
Authors: |
Horst Siebert
|
Dimensions: |
235 x 152 x 29mm (L x W x T) |
Format: |
Paperback - Trade
|
Pages: |
416 |
ISBN-13: |
978-0-691-16601-8 |
Categories: |
Books >
Earth & environment >
Geography >
General
|
LSN: |
0-691-16601-3 |
Barcode: |
9780691166018 |
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