4 juni 2015
New Book: The German ModelWhile in 1999 Germany was called the sick man of Europe due to its conservative banking system and rigid institutional structures by the Economist, 'troubled with sclerotic employment, sluggish growth, and severe fiscal problem', it outperformed the US after the financial crisis and became a European Superstar (Reisenbichler and Morgan). Krugman even went as far as talking about a German job miracle and praised Germany for its potency to create jobs and prevent unemployment. He suggested the United States should learn from this model (Krugman 12.9.2009 in NYT).
What makes Germany successful, if so, or is it not a
success? Is there such a thing like a German model? What makes a model? Which theory stands behind the German model view? What is the cause of Germany's success? Is the German model sustainable? Can it be copied or emulated by its neighbours? What would you recommend Germany to do?
This book provides answers to these questions and more. Matthias Knuth, of the INSPIRES consortium, has written a chapter in this book called 'No German Modacle!'.
The book consists of two parts. Part one shows Germany seen by some authors of the Variety of Capitalism literature hosted in the US, and by Germans themselves. Part two shows Germany in the eyes of its European neighbours.
The German Model - Seen by its Neighbours can be accessed here.