Insufficient reform of reform restricts Germany development
July 10, 2019 08:42 Source: "Journal of Social Sciences" 2019, July 10, 2019, Issue 1731 author: Yao Xiaodan/Compilation

 Bet365 lotto review July 3,The official website of the German Institute of Economics published an article written by Marcel Fratzscher, the director of the Institute.,The recent economic model of Germany has been criticized for some unusual severe criticisms。But he thinks,The problem of Germany today is not its economic model,instead of inappropriate economic policy、Inadequate and two deep -rooted wrong ideas。

Vlash Sage said,Recently, German economic growth has indeed slowed down。The German economy depends on industry higher,But Bet365 lotto review the automotive industry of one of its pillar industries is not fast enough for new technologies。In addition,Germany's dependence on exports makes it vulnerable to the slowdown of global economic growth。But the economic model is not the root cause of the current problem in Germany。On the contrary,The openness of the economy and the diversification of its export departments and the wide nature of export destinations,Not only the key to maintaining economic prosperity for decades after the end of World War II in Germany,It is also the development of Germany's aging and emerging markets,Important conditions for maintaining stable income and economic growth in the future。

Germany's economic model has two special traditional advantages。One has many medium -sized enterprises。bet365 best casino games These companies are usually family companies,They are more flexible in business,A strong degree of innovation ability and professionalism,With a reliable balance sheet,There is a stable share in the global market,Among them, there are many "unknown champions" in various industries and fields。The other is the social partnership between employers and unions and a perfect social welfare system。

Vlash Sidal thinks,The real problem of Germany is that there are two dangerous concepts of political elites。First of all, it is a widely influence。They think,Germany does not need to make changes,But other European countries need to follow the German road。The consequences of this decision are,Despite the imbalance and vulnerability of economic development,Germany has hardly implemented bet365 best casino games any meaningful reform measures in the past 10 years。Low -level public and private investment has led to a downturn in the German non -trade sector。Compared with investment in China,German export companies have increased investment in foreign countries faster,This further reduces German investment attraction。Weakness of low productivity and social partnership has caused a large -scale expansion of the low wage department。Simplified tax law、Relax service control、Modernization of bureaucratic agencies with low efficiency、Increase important reform measures such as increasing public investment in infrastructure and education,The political elites in Germany are more inclined to be more likely to be able to give up the ideas of their vested interests through inappropriate relief。

bet365 best casino games The second wrong idea is that Germany does not need Europe。But in fact,Germany can become one of the biggest beneficiaries to build the European Monetary Alliance and strengthen the EU institution,Create a powerful、Unified Europe will help the German economic and social models to achieve continuous success。

Frastage Sumal summary name,German political elites are unwilling to make economic and social reforms in China and the European Union is one of the main risks facing Europe.。But now the change direction is not too late,Germany's economic and political advantages mean,It still has the opportunity to achieve changes with European partners。

 (Yao Xiaodan/Compilation)

Editor in charge: Zhang Yueying
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