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A Comparative History of Commerce and Industry, Volume IIThe Germany Economy After Reunification

A Comparative History of Commerce and Industry, Volume II: The Germany Economy After Reunification [From the 1950s through the 1980s, West German industry, with less than a third of the population and limited natural resources compared with the United States, was able to dominate global markets in a host of manufactured market categories. Through much of the last part of this period, German labor costs were much higher; paid vacations often ran as long as six weeks; strong unions became heavily involved in the prerogatives of management and company policy; and unions consistently pressured employers to drive the work week down to around 35 to 30 hours with no reduction in wages. However, despite these economic millstones, up until the 1990s Germany was able to sustain its position as one of the strongest economies in Europe and in the world, eclipsed only by the United States and Japan. It was able to sustain that growth by supportive government actions and high demand for both industrial and consumer products in the aftermath of the dramatic destruction of World War II.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Comparative History of Commerce and Industry, Volume IIThe Germany Economy After Reunification

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Publisher
Palgrave Macmillan US
Copyright
© The Editor(s) (if applicable) and The Author(s) 2016
ISBN
978-1-349-55223-8
Pages
97 –112
DOI
10.1057/9781137503305_7
Publisher site
See Chapter on Publisher Site

Abstract

[From the 1950s through the 1980s, West German industry, with less than a third of the population and limited natural resources compared with the United States, was able to dominate global markets in a host of manufactured market categories. Through much of the last part of this period, German labor costs were much higher; paid vacations often ran as long as six weeks; strong unions became heavily involved in the prerogatives of management and company policy; and unions consistently pressured employers to drive the work week down to around 35 to 30 hours with no reduction in wages. However, despite these economic millstones, up until the 1990s Germany was able to sustain its position as one of the strongest economies in Europe and in the world, eclipsed only by the United States and Japan. It was able to sustain that growth by supportive government actions and high demand for both industrial and consumer products in the aftermath of the dramatic destruction of World War II.]

Published: Dec 17, 2015

Keywords: German Economy; Comparative History; German Industry; Venture Capital Market; German Business

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