IDEAS home Printed from https://ideas.repec.org/a/cup/intorg/v31y1977i04p775-808_01.html
   My bibliography  Save this article

West Germany: the dynamics of expansion

Author

Listed:
  • Kreile, Michael

Abstract

During more than two decades, West German foreign economic policy has served a strategy of export-oriented growth. The success of this strategy is based on a number of factors, such as Germany's industrial structure, a favorable international environment, a pro-investment domestic economic policy and the constructive role of labor in postwar economic development. Decision making in foreign economic policy is characterized by the dominance of the export sector. The strategy of export expansion met withobstacles in two areas. In Eastern trade policy export interests clashed with the imperatives of “high politics” during the Cold War era. In monetary policy, the chronic undervaluation of the Deutsche Mark, a crucial factor of export competitiveness, collided with the goal of price stability. Both cases highlight the limits of export sector dominance. In recent years, the internationalization of German industry and the process of structural change have created problems that suggest that theGerman economy is reaching the limits of export-oriented growth. These pose new challenges to economic policy makers.

Suggested Citation

  • Kreile, Michael, 1977. "West Germany: the dynamics of expansion," International Organization, Cambridge University Press, vol. 31(4), pages 775-808, October.
    • Handle: RePEc:cup:intorg:v:31:y:1977:i:04:p:775-808_01
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0020818300018671/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Höpner, Martin, 2019. "The German undervaluation regime under Bretton Woods: How Germany became the nightmare of the world economy," MPIfG Discussion Paper 19/1, Max Planck Institute for the Study of Societies.
    2. Taner Akan & Tim Solle, 2022. "Do macroeconomic and financial governance matter? Evidence from Germany, 1950–2019," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 17(4), pages 993-1045, October.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:intorg:v:31:y:1977:i:04:p:775-808_01. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/ino .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.