Economists cannot predict (as we have learned the hard way) which does not deter them however from eagerly extrapolating the 'recovery' curve glossing over the losses incurred during the height of the crisis.
Making things (better) German style is at best a temporary route map to be further developed in two directions:
- to sustainit, one needs to stimulate innovation
- and Europe must leave the slow lane of becoming the greater Switzerland of the 21st century (Stevens)
The German model portrays the macroeconomic landscape of the country which is in a certain sense only an abstraction: the real economy rather happens in cities and regions and, above all, in individual companies. Hence for a better understanding it is necessary to zoom in on those lower levels.
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