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71. Germany and Globalization

Author:
Daniel S. Hamilton and Joseph P. Quinlan
Publication Date:
11-2008
Content Type:
Working Paper
Institution:
Center for Transatlantic Relations
Abstract:
Globalization is changing all of our lives as the pace of economic interdependence grows between developed and emerging countries. Debate thrives about whether globalization has been good or bad for European consumers, workers, companies and governments and what are the prospects in the future. In a dynamic and uncertain world currently beset by a global financial crisis and a looming recession can Europe act to take advantage of the opportunities created by globalization and mitigate its challenges?
Topic:
International Relations, Economics, Globalization, and International Trade and Finance
Political Geography:
Europe and Germany

72. Corporate Social Responsibility: Is everything what counts countable?

Publication Date:
05-2008
Content Type:
Working Paper
Institution:
Media Tenor International
Abstract:
In the past few years, the principle of Corporate Social Responsibility (CSR) has been raising great interest in business and politics. Companies increasingly commit to environmental and social measures on a voluntary basis. The discussion around CSR is not new. Yet the debate of whether or not CSR activities are working, and how efficiently they can be measured, is relatively recent. So far not much progress has been made. The instrument of media analysis could be a starting point – and the MEDIA TENOR CSR Index a measuring stick.
Topic:
Economics, Environment, Industrial Policy, and Mass Media
Political Geography:
Germany

73. Social Cohesion in China: Lessons from the Latin American Experience

Author:
Mariano Turzi
Publication Date:
01-2008
Content Type:
Journal Article
Journal:
The Journal of Diplomacy and International Relations
Institution:
School of Diplomacy and International Relations, Seton Hall University
Abstract:
China's economic development over the last three decades has been dazzling critics and supporters alike. Since the launching of the “Four Modernizations” reform process in 1978, growth has averaged 9 percent annually. As a result, according to IMF data released in July 2007, China is poised to overtake Germany as the world's third-largest economy. As growth has slowed in Europe, Japan, and the US the Chinese economy grew at a staggering rate of 11.9 percent in the second quarter of 2007. The IMF report also pointed out that if exchange rates are adjusted to equalize the cost of goods in different countries (purchasing-power parity) China is already the world's second-largest economy.
Topic:
Economics
Political Geography:
United States, Japan, China, Europe, Germany, and Latin America

74. Country Economic Forecasts: Germany

Publication Date:
12-2008
Content Type:
Policy Brief
Institution:
Oxford Economics
Abstract:
Germany appears to be slipping deeper into recession. The latest industrial figures are alarming: production fell 2.1% in October and orders were down 17.3%. If output remained at current levels to year-end, then Q4 would be down 3.2% on Q3, but the situation is deteriorating. The manufacturing PMI is below 40 and the expectations component of the Ifo is at its lowest level since the first oil crisis in the early 1970s. Key to the rapid decline has been an abrupt halt to investment, both in Germany and globally. Investment in machinery and equipment had stalled in Q3 and domestic orders of capital goods then dropped 6% in both October and November. Business investment will fall by over 4% in 2009. But exports have also seen a rapid decline, having fallen in both Q2 and Q3, while export expectations are near all-time lows. Export volumes are expected to drop next year, despite the depreciation of the euro. We have slashed our growth forecasts, with GDP now likely to fall by at least 1% in Q4. And we now do not expect the economy to emerge from recession until 2009H2 and for the economy to shrink by over 2% in 2009 overall – the biggest drop in over 60 years. Rapidly declining oil prices and an extended recession mean inflation could fall close to zero by next summer. Inflation has already slowed to 1.4% in November from a peak of 3.1% in July.
Topic:
Economics and Financial Crisis
Political Geography:
Europe and Germany

75. Transport Infrastructure in Shrinking (East) Germany

Author:
Weert Canzler
Publication Date:
06-2008
Content Type:
Journal Article
Journal:
German Politics and Society
Institution:
German Politics and Society Journal
Abstract:
Policy on transport infrastructure in Germany will come under increasing pressure thanks to considerable changes in basic conditions. Demographic change, shifts in economic and regional structures, continued social individualization, and the chronic budget crisis in the public sphere are forcing a readjustment of government action. At root, the impact of the changes in demographics and economic structures touches on what Germans themselves think their postwar democracy stands for. Highly consensual underlying assumptions about Germany as a model are being shaken. The doctrine that development of infrastructure is tantamount to growth and prosperity no longer holds. The experience in eastern Germany shows that more and better infrastructure does not automatically lead to more growth. Moreover, uniform government regulation is hitting limits. If the differences between boom regions and depopulated zones remain as large as they are, then it makes no sense to have the same regulatory maze apply to both cases. In transportation policy, that shift would mean recasting the legal foundations of public transport.
Topic:
Demographics, Development, Economics, and Government
Political Geography:
Germany

76. Making and Unmaking Money: Economic Planning and the Collapse of East Germany

Author:
Jonathan R. Zatlin
Publication Date:
04-2007
Content Type:
Working Paper
Institution:
Institute of European Studies
Abstract:
This paper locates the collapse of East German communism in Marxist- Leninist monetary theory. By exploring the economic and cultural functions of money in East Germany, it argues that the communist party failed to reconcile its ideological aspirations - a society free of the social alienation represented by money and merchandise - with the practical exigencies of governing an industrial society by force. Using representative examples of market failure in production and consumption, the paper shows how the party's deep-seated hostility to money led to economic inefficiency and waste. Under Honecker, the party sought to improve living standards by trading political liberalization for West German money. Over time, however, this policy devalued the meaning of socialism by undermining the actual currency, facilitating the communist collapse and overdetermining the pace and mode of German unification.
Topic:
Communism and Economics
Political Geography:
Europe, Eastern Europe, Germany, and West Germany

77. Can German Locomotive Drive the European Economy?

Author:
Jan Neutze and Frances G. Burwell
Publication Date:
03-2007
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
During the second half of 2006 and in early 2007, the German economic engine seemed to gain speed, moving into recovery after several years of stagnation. Whether this recovery is sustainable is still unclear, however. With its reliance on exports, Germany remains vulnerable to any downturn in the global economy. Nor is it yet clear that the recent upswing will result in long term job growth and increased consumer spending. To reinforce this recovery, the chancellor should go beyond an economic policy based on balancing the budget and reducing corporate taxes. She should focus now on creating more flexible conditions of employment, so that more workers can be hired and companies can expand, and should work with German business to develop the successor industries to today's export champions. Her government must also rethink the failed policy of subsidizing the eastern Länder, and take steps to deal with the long term challenges of an aging workforce and an education system that does not produce workers with the right skills. Chancellor Merkel knows that coping with globalization will require a liberalized economy with more freedom and flexibility for its workers and its companies.
Topic:
Economics, Political Economy, and Regional Cooperation
Political Geography:
Germany

78. The “Social Market Economy” and its Impact on German European Policy in the Adenauer Era, 1949-1963

Author:
Guido Thiemeyer
Publication Date:
06-2007
Content Type:
Journal Article
Journal:
German Politics and Society
Institution:
German Politics and Society Journal
Abstract:
This article focuses on the economic aspects of German European policy in the 1950s and raises the question whether the economic system of the Federal Republic of Germany, “Soziale Marktwirtschaft” had any impact on the European policy of the West German state. It argues that Social Market Economy as defined by Ludwig Erhard influenced German European policy in certain aspects, but there was a latent contradiction between the political approach of Konrad Adenauer and this economic concept. Moreover, this article shows that West German European policy was not always as supportive for European unity as it is often considered.
Topic:
Foreign Policy and Economics
Political Geography:
Africa, Europe, and Germany

79. Translating Economics into Politics in Cold War Germany

Author:
James C. Van Hook
Publication Date:
06-2007
Content Type:
Journal Article
Journal:
German Politics and Society
Institution:
German Politics and Society Journal
Abstract:
Economics and economic history have a fundamental role to play in our understanding of Cold War Germany. Yet, it is still difficult to establish concrete links between economic phenomena and the most important questions facing post 1945 historians. Obviously, one may evaluate West Germany's “economic miracle,” the success of western European integration, or the end of communism in 1989 from a purely economic point of view. To achieve a deeper understanding of Cold War Germany, however, one must evaluate whether the social market economy represented an adequate response to Nazism, if memory and perspective provided the decisive impulse for European integration, or if the Cold War ended in Europe because of changes in western nuclear strategy. Economic history operates in relation to politics, culture, and historical memory. The parameters for economic action are often as determined by the given political culture of the moment, as they are by the feasibility of alternative economic philosophies.
Topic:
Cold War, Economics, and Politics
Political Geography:
Europe, Germany, and West Germany

80. Building Automatic Solvency into U.S. Social Security: Insights from Sweden and Germany

Author:
James C. Capretta
Publication Date:
03-2006
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
Although Social Security reform appears to be off of the national agenda for now, real funding problems remain for America's popular retirement program that policymakers need to address. The payroll taxes that support Social Security's “pay–as-you-go” system will begin to fall short of outlays in 2017 and will be sufficient to finance only 74 percent of scheduled annual benefits by 2041, when the Social Security trust fund is projected to be exhausted.
Topic:
International Relations and Economics
Political Geography:
United States, Europe, Germany, and Sweden