Germany's Balanced Development: The Real Wealth of a Nation

Germany's Balanced Development: The Real Wealth of a Nation

Germany's Balanced Development: The Real Wealth of a Nation

Germany's Balanced Development: The Real Wealth of a Nation

Synopsis

What makes the German economy so resilient? This provocative book challenges the conventional wisdom as to what constitutes national wealth, arguing that it is long-term, balanced development rather than rapid growth and productivity that makes an economy successful. Interdisciplinary in approach, this is the first book in many years to take an organic view of the German economy, looking not only at the mix of business and economic policies but also at the sociocultural and psychological background to German economic development. Gazdar shows how Germany balances the priorities of wealth, welfare, and well-being, and describes Germany's uniquely resilient form of ecological sociocapitalism. He argues that the German way of doing business gives the country a strong long-term edge over the United States and Japan in the global competition for economic security.
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