The Federal Republic of Germany

Michael Krüger and Alfred Pfaller

Chapter 6 in Can the Welfare State Compete?, 1991, pp 187-228 from Palgrave Macmillan

Abstract: 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.

Keywords: Federal Republic; Budget Deficit; Export Performance; Industrial Location; German Industry (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-10716-2_6

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DOI: 10.1007/978-1-349-10716-2_6

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