
Contents
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The Historical Trajectory of the German Economy The Historical Trajectory of the German Economy
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Formative Influences since 1945 Formative Influences since 1945
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Theoretical Perspectives Theoretical Perspectives
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The ‘Old’ Federal Republic up to 1990 The ‘Old’ Federal Republic up to 1990
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Post-Unification Post-Unification
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The Euro Era The Euro Era
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The Political Debate about Trade Imbalances The Political Debate about Trade Imbalances
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The German Government’s Position The German Government’s Position
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Conclusion Conclusion
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Further Reading Further Reading
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Bibliography Bibliography
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16 Germany’s Trading System and Export-Driven Economy
Get accessAndreas Busch is Professor of Comparative Politics and Political Economy at the University of Göttingen. Previously he was Reader in European Politics at the University of Oxford and John F. Kennedy Memorial Fellow at the Center for European Studies at Harvard University. His main research interests focus on institution-centred analyses, especially regulatory and public policy as well as comparative analysis of political systems and network policy. His publications include Banking Regulation and Globalization (Oxford: Oxford University Press, 2009) and Netzpolitik. Ein einführender Überblick, co-edited with Tobias Jakobi and Yana Breindl (Wiesbaden: Springer VS, 2018).
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Published:18 August 2022
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Abstract
The German economy is one of the largest measured by GDP, ranking fourth in the world (after the US, China, and Japan) and first in Europe. One of its hallmarks is its strength in international trade, resulting in an economy strongly interwoven with the global economy and leaving its mark on the structure of the economy. This chapter looks at the historical trajectory of the German economy, the theoretical approaches put forward to analysing it, and structural change over time. It also discusses the persistent tendency to run substantial current account surpluses which intermittently trigger political controversies with trading partners, but also domestically.
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