5 ms·
germany had an anemic gdp growth in the last two decades, significantly worse than most countries of comparitive size (population and gdp-wise). Look at gdp gro
by cdavid 16y ago
germany had an anemic gdp growth in the last two decades, significantly worse than most countries of comparitive size (population and gdp-wise). Look at gdp growth of other big european countries, or worse USA, it is quite striking
- arethuza 16y agoWhich just goes to show that GDP growth rate taken in isolation might not be such a great measure of the overall health of an economy.
- cdavid 16y agoSo what's your measure of Germany's economic health ?
- jwh 16y agoPart of that slow GDP growth can be attributed to having to absorb an entire communist country (East Germany) into a capitalistic society (West Germany).
- cdavid 16y agoThis is indeed no small accomplishment - but I doubt that that's what people have in mind when they say Germany's economy is an example to follow. It seems to have become a popular meme in the US (has been for a long time in Europe media), but it has little rationale. Generally, it goes around Germany exports a lot, and Germany has not followed the model of shareholding as much as the US (or UK). Those ideas are extremely popular in general, and even more so in Europe, I think partly because it can reinforce anti-americanism (the US became a symbol of companies owned by shareholders instead of families, supposedly more geared toward long term).
- eru 16y agoYou might be right. But keep in mind that the US population has been growing. Do you have data on the GDP per capita?