Description
Book SynopsisIn 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
Trade Review"Anyone looking for a thorough description of Germany's economic system and a detailed analysis of its current and foreseeable economic problems--low growth and high unemployment rates top the list--will find it here."--Choice
Table of ContentsPreface vii Chapter One: Basic Features of the German Economy 1 Chapter Two: The Social Market Economy 24 Chapter Three: The Weak Growth Performance 38 Chapter Four: The Labor Market: High and Sticky Unemployment 69 Chapter Five: The Social Security System under Strain 114 Chapter Six: Ageing as a Challenge over the Next Forty Years 154 Chapter Seven: Germany: an Immigration Country 166 Chapter Eight: Regulation of Product Markets 181 Chapter Nine: Environmental Protection: a German Topic 203 Chapter Ten: The Capital Market and Corporate Governance 213 Chapter Eleven: Human Capital and Technology Policy 244 Chapter Twelve: The Fiscal Policy Stance 261 Chapter Thirteen: Germany in the European Union: Economic Policy under Ceded Sovereignty 292 Chapter Fourteen: The System of Governance in Germany's Social Market Economy 325 Chapter Fifteen: The Need for a Renaissance of the Market Economy 365 References 378 Index 393
