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Can Germany Be Saved? The Malaise of the World's First Welfare State

ISBN-10: 0262195585

ISBN-13: 9780262195584

Edition: 2007

Authors: Hans-Werner Sinn

List price: $29.95
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What has happened to the German economic miracle? Rebuilding from the rubble and ruin of two world wars, Germany in the second half of the twentieth century recaptured its economic strength. High-quality German-made products ranging from precision tools to automobiles again conquered world markets, and the country experienced stratospheric growth and virtually full employment. Germany (or West Germany, until 1989) returned to its position as the economic powerhouse of Europe and became the world's third-largest economy after the United States and Japan. But in recent years growth has slowed, unemployment has soared, and the economic unification of eastern and western Germany has been mishandled. Europe's largest economy is now outperformed by many of its European neighbors in per capita terms. In Can Germany Be Saved?,Hans-Werner Sinn, one of Germany's leading economists, takes a frank look at his countryrsquo;s economic problems and proposes welfare- and tax-reform measures aimed at returning Germany to its former vigor and vitality. Germany invented the welfare state in the 1880s when Bismarck introduced government-funded health insurance, disability insurance, and pensions; the German system became a model for other industrialized countries. But, Sinn argues, today's German welfare state has incurred immense fiscal costs and destroyed economic incentives. Unemployment has become so lucrative that the private sector, already under pressure from international low-wage competitors, has increasing difficulties in paying sufficiently attractive wages. Sinn traces many of his country's economic problems to an increasingly intractable conflict between Germanyrsquo;s welfare state and the forces of globalization. Can Germany Be Saved?(an updated English-language version of a German bestseller) asks the hard questions--about unions, welfare payments, tax rates, the aging population, and immigration--that all advanced economies need to ask. Its answers, and its call for a radical rethinking of the welfare state, should stir debate and discussion everywhere.
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Book details

List price: $29.95
Copyright year: 2007
Publisher: MIT Press
Publication date: 6/1/2007
Binding: Hardcover
Pages: 356
Size: 6.50" wide x 9.25" long x 0.75" tall
Weight: 1.584
Language: English

The Managing Editors of #60;i#62;Economic Policy#60;/i#62;:#60;p#62;#60;b#62;Tullio Jappelli#60;/b#62; is CSEF Director and Professor of Economics at the University of Naples Federico II.#60;p#62;#60;b#62;Philip Lane#60;/b#62; is Professor of International Macroeconomics at Trinity College Dublin.#60;p#62;#60;b#62;Philippe Martin#60;/b#62; is Professor at the Universit_ Paris-1 Panth_on Sorbonne and CERASENPC and a Research Fellow at CEPR.#60;p#62;#60;b#62;Jan van Ours#60;/b#62; is Professor of Economics at Tilburg University and Professorial Fellow at Melbourne University.#60;p#62;The Senior Editors of #60;i#62;Economic Policy#60;/i#62;:#60;p#62;#60;b#62;Georges de Menil#60;/b#62; works at the Delta Ens, France.#60;p#62;#60;b#62;Richard Portes#60;/b#62; lectures in the Department of Economics, London Business School.#60;p#62;#60;b#62;Hans-Werner Sinn#60;/b#62; is based at the Centre for Economic Studies, University of Munich.#60;p#62;

Preface
Acknowledgments
The First Shall Be Last
How German Workers Lost Their Competitive Edge
Trade-Union Capitalism
Competing against the Welfare State
The Withering East
Taxes and Transfers: The Endless Loop
The Birth Dearth
EU Enlargement, Migration, and the New EU Constitution
Rethinking the Welfare State: A Reform Program
Epilogue: Reason or Experience
Notes
Index