Germany's balanced development

by Kaevan Gazdar

What makes the German economy so strong? This provocative book challenges the conventional wisdom as to what constitutes national wealth, arguing that it is long-term, balanced development rather than rapid growth and productivity that makes an economy successful. Interdisciplinary in approach, this is the first book in many years to take an organic view of the German economy, looking not only at business and economic policy but also at the sociocultural and psychological background of economic development. Gazdar shows how Germany balances the priorities of wealth, welfare, and well-being, and describes Germany's uniquely resilient form of ecological sociocapitalism. He finds that the German way of doing business gives the country a strong edge over the United States and Japan.