The social-ecological market economy
Germany’s successful economic system has been known as a social-ecological market economy since the 1980s. The basis of “Made in Germany” is stability, trust and the maintenance of high social and environmental standards, which can be costly in the short term, but are at the same time essential drivers of productivity growth and long-term technological developments.
The German model is not transferable one-to-one to other countries, but experience can help policymakers to develop reform initiatives for their countries.
The German model is not transferable one-to-one to other countries, but experience can help policymakers to develop reform initiatives for their countries.