 Economic and political governance in Germany's social market economyNo 1207, Kiel Working Papers from Kiel Institute for the World Economy (IfW Kiel) Abstract: Germany's system of economic and political governance strongly relies on group decision-making and consensus to solve economic issues. This approach relates to a wide spectrum of decisions, including the social partners with the trade unions and the employers' associations in wage formation, the trade unions in the governance of firms through codetermination and the workers' councils in the operation of firms, but also to relationship banking and to the steering of the university system by codetermination and by a governmental planning approach. In addition, in the governance of government and its federal structure, mechanisms of consensus are an important feature, above all through the joint responsibility of the Bundestag and the Bundesrat in law-making. Distributive federalism is another expression of the consensus mechanism. Looking at all these mechanisms, it is surprising how strongly the market economy is restrained in Germany. Keywords: Codetermination; governance; consensus; group decisionmaking; governance of the universities; governance of government; voting system (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkwp:1207 Access Statistics for this paper More papers in Kiel Working Papers from Kiel Institute for the World Economy (IfW Kiel) Contact information at EDIRC. |
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