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Can Germany Be Saved?: The Malaise of the Worlds First Welfare State
Can Germany Be Saved?: The Malaise of the Worlds First Welfare State Hans-Werner Sinn 0262195585 9780262195584 Winner of the 2003 getAbstract/Financial Times Germany Business Book Award. What has happened to the German economic mi
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Can Germany Be Saved?: The Malaise of the Worlds First Welfare State by Hans-Werner Sinn

Winner of the 2003 getAbstract/Financial Times Germany Business Book Award. What has happened to the German economic miracle? Rebuilding from the rubble and ruin of two world wars, Germany in the second half of the twentieth century recaptured its economic strength. High-quality German-made products ranging from precision tools to automobiles again conquered world markets, and the country experienced stratospheric growth and virtually full employment. Germany (or West Germany, until 1989) returned to its position as the economic powerhouse of Europe and became the worlds third-largest economy after the United States and Japan. But in recent years growth has slowed, unemployment has soared, and the economic unification of eastern and western Germany has been mishandled. Europes largest economy is now outperformed by many of its European neighbors in per capita terms. In Can Germany Be Saved?,Hans-Werner Sinn, one of Germanys leading economists, takes a frank look at his countrys economic problems and proposes welfare- and tax-reform measures aimed at returning Germany to its former vigor and vitality. Germany invented the welfare state in the 1880s when Bismarck introduced government-funded health insurance, disability insurance, and pensions; the German system became a model for other industrialized countries. But, Sinn argues, todays German welfare state has incurred immense fiscal costs and destroyed economic incentives. Unemployment has become so lucrative that the private sector, already under pressure from international low-wage competitors, has increasing difficulties in paying sufficiently attractive wages. Sinn traces many of his countrys economic problems to an increasingly intractable conflict between Germany’s welfare state and the forces of globalization. Can Germany Be Saved?(an updated English-language version of a German bestseller) asks the hard questions—about unions, welfare payments, tax rates, the aging population, and immigration—that all advanced economies need to ask. Its answers, and its call for a radical rethinking of the welfare state, should stir debate and discussion everywhere.

Author: Hans-Werner Sinn

Language: English

Binding: Hardcover

Pages: 356

Publisher: The MIT Press

Publication Date: 2007-06-01

Our Price: $4.49

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ISBN: 0262195585


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