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The evolution of the German model: How to judge reforms in Europe?s largest economy

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The evolution of the German model: How to judge reforms in Europe?s largest economy " Are far-reaching economic and structural reforms in Germany possible? Despite the adoption of Chancellor Gerhard Schröder?s Agenda 2010 reform package in December 2003, there is concern both within and outside Germany that the structural rigidities and checks and balances within the ?German model? make the country?s political economy essentially ?unreformable?. In contrast, the authors argue the case for viewing the reform process through a more ?German? and less ?Anglo-American? lens. This demonstrates that changes have been more radical than is commonly thought ? indicating that modernisation of the German model is indeed possible. By Anke Hassel and Hugh Williamson for the Anglo-German Foundation

 

By Anglo-German Foundation, UK, Germany.

Macro Economic Policy Resource.