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The Federal Republic of Germany

In: Can the Welfare State Compete?

Author

Listed:
  • Michael Krüger
  • Alfred Pfaller

Abstract

Throughout its history, the trading position in international markets has been a central economic parameter for the Federal Republic of Germany. From the very beginning, West German economic policy has been internationally orientated. One of the guiding ideas was that the country is poorly endowed with raw materials and has to earn the foreign exchange which is needed to buy them abroad with the export of manufactures. This orientation actually can be traced back to the early years of the German Reich in the 19th century. The other guiding idea behind West Germany’s determined world-market orientation was the neo-liberal conviction that a free, unrestricted market renders the best results in terms of national prosperity.

Suggested Citation

  • Michael Krüger & Alfred Pfaller, 1991. "The Federal Republic of Germany," Palgrave Macmillan Books, in: Alfred Pfaller & Ian Gough & Göran Therborn (ed.), Can the Welfare State Compete?, chapter 6, pages 187-228, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-10716-2_6
    DOI: 10.1007/978-1-349-10716-2_6
    as

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