Germany, Old and Wise?

A special report in The Economist says just that:

Germany does have some important lessons to teach the world, as this special report will explain. But the idea that Germany has got everything worked out requires some big qualifications. It has an ageing population, a growing share of which is either of non-German origin or poorly educated, or both. And Germany’s towering export surpluses are at risk because its trading partners cannot sustain deficits for ever. Strikingly, too, the German model is no longer all that German. Over the past decade the country has rewritten its recipe for success, incorporating many foreign ingredients, including some from the much-maligned Anglo-Saxons.

Read more.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s