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The Germany Shock
Report

The Germany Shock

The Largest Economy Nobody Understands



Editorial Rating

7

Qualities

  • Eye Opening
  • Overview
  • Background

Recommendation

Germany is an unusual economic powerhouse: It maintains a strong manufacturing base that offers its citizens steady employment, generous wages and a good quality of life in a post-industrial developed world. But as entrepreneur Conrad Bastable argues in this illuminating essay, the European Union and the euro have played significant roles in making the German economy a success story.

Take-Aways

  • Most advanced nations have left manufacturing behind in moving to post-industrial economies. But not Germany.
  • Conventional trade economics describes initial prosperity but eventual failure for those nations that industrialize.
  • A unique confluence of political and economic factors enabled Germany to grow and prosper.

About the Author

Conrad Bastable is an engineer and technology business executive. He co-founded Walrax, a peer-to-peer marketplace.


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