Crisis and Recovery in the German Economy: The real lessons Servaas Storm and C.W.M. Naastepad

The main lesson to draw from Germany’s rebound from crisis is that if a country’s technological competitiveness is stronger and consensual macro-governance structure is more effective, the country will more likely weather a crisis.

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(This article was originally published in the journal, “Structural Change and Economic Dynamics”, 32 (2015) 11-24.)