online courses concordia Michael Spence: Policy Lessons from Germany (5/5)

While manufacturing employment was crumbling in the United States, Germany gained shares in world markets: exports boomed, and the tradable goods sector remained an employment engine. That is why Michael Spence looks to Germany, as a role model of successful adjustment to international competition. The Germans identified an economy-wide competitiveness problem around 2000; as a response unions, business, and government cooperated to meet the challenge of international competition.

online courses concordia Michael Spence: Policy Lessons from Germany (5/5)
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