eBook

The German Economy

Horst Siebert

2014,2005

Overview

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.

• Publisher: Princeton University Press
• Subject: Annual report / Arbeitsmarkt / Bank / Budget / Bundestag / BUSINESS & ECONOMICS / BUSINESS & ECONOMICS / Economic History / Capital market / Co-determination / Comparative advantage / Competition / Consideration / Consumer / Corporate Governance / Council of Economic Advisers / Demand For Labor / Deutsche Bundesbank / Deutschland / Dividend / Economic growth / Economic History / Economic interventionism / Economic planning / Economic policy / Economics / Economische situatie / Economy / Employment / Entrepreneurship / Factor market / Factors of production / Fiscal policy / Funding / Government debt / Hervormingen / Household / Human capital / Humankapital / Incentive / Income / Income tax / Insurance / Interest rate / Investment / Investor / Labor demand / Market (economics) / Market economy / Mittelstand / Pension / Percentage point / Private sector / Privatization / Product market / Provision (accounting) / Public sector / Recession / Regulation / Regulierung / Retirement / Saving / Service Sector / Social market economy / Social protection / Social Security System (Philippines) / Soziale Marktwirtschaft / Sozialstaat / Stock / Subsidy / Supply (economics) / Supply and demand / Tax / Tax reform / Tax revenue / Technology / Trade union / Unemployment / Unemployment benefits / Volkswirtschaft / Wage / Welfare / Welfare state / Wirtschaftspolitik / Wirtschaftsprognose / Wirtschaftsreform / Wirtschaftswachstum / World economy
• ISBN: 0691096643, 9780691096643, 9781400851652, 1400851653