The roots of the German miracle

Abstract

"Policymakers the world over are staring at the strength of the German economy with envious eyes. This column argues that the root of Germany's miracle lies in its 'wage moderation' that was the result of labour-market policies in the years preceding the global crisis - a point that is often ignored in the public debate." (Text excerpt, IAB-Doku) ((en))

Cite article

Gartner, H. & Merkl, C. (2011): The roots of the German miracle. In: VOX No. 09.03.2011, p. 1-1.