The Seven Secrets of Germany: Economic Resilience in an Era of Global Turbulence

Hardcover | December 18, 2015

byDavid B. Audretsch, Erik E. Lehmann

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German economic performance has astonished the world. At the turn of the century, Germany had been written off as the sick man of Europe. No more. Even as most of its European neighbors and OECD trading partners have struggled in the face of a turbulent global economy, the German economy hasthrived. How does Germany do it? What is the secret? In The Seven Secrets of Germany, authors David Audretsch and Erik Lehmann answer these very questions. This book reveals, explains, and analyzes seven key aspects of Germany, its economy, and its society that have provided the nation with considerablebuoyance in an era of global turbulence. These seven features range from the key and strategic role played by small firms to world leadership in its skilled and trained labor force, an ability to harness global opportunities through leveraging local resources, public infrastructure, the capacity todeal with change and confront challenges in a flexible manner, and the emergence of a remarkably positive identity and image. The Seven Secrets of Germany have insulated the country from long-term economic deterioration and enabled it to take advantage of the opportunities afforded from globalization rather than succumbing as a victim to globalization. This insights can be instructive to other countries and refute thedefeatist view that globalization leads to an inevitable deterioration of the standard of living, quality of life, and degree of economic prosperity.

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German economic performance has astonished the world. At the turn of the century, Germany had been written off as the sick man of Europe. No more. Even as most of its European neighbors and OECD trading partners have struggled in the face of a turbulent global economy, the German economy hasthrived. How does Germany do it? What is the ...

David Audretsch is a Distinguished Professor and Ameritech Chair of Economic Development at Indiana University, where he is also serves as Director of the Institute for Development Strategies. He also is an Honorary Professor of Industrial Economics and Entrepreneurship at the WHU-Otto Beisheim School of Management in Germany and a Re...

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Format:HardcoverDimensions:248 pages, 9.25 × 6.12 × 0.98 inPublished:December 18, 2015Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0190258691

ISBN - 13:9780190258696

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Table of Contents

1. Introduction2. Small is Beautiful3. Poets and Thinkers4. Roots and Wings5. (Intra)Structure6. Laptops and lederhosen7. Made in Germany8. It's Good to Be German9. Conclusions: The Right Zeitgeist for the Zeitalter