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Essay / Research Paper Abstract
A 3 page paper discussing Germany’s recent economic history and current position in late 2004. Germany has been dispensing with structural rigidities governing labor and business operations for some time, and it is showing signs of climbing out of the bottom of the business cycle. Germany needs to continue to become more business-friendly. Lower tax rates could provide impetus for businesses to seek to grow, and relaxed labor laws could provide incentive for businesses to add jobs. The promise of employment should improve consumers’ confidence in the economy, with the result that both business and consumers contribute a greater share to growth of the German economy. Bibliography lists 2 sources.
Page Count:
3 pages (~225 words per page)
File: CC6_KSeconGermany.rtf
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Unformatted sample text from the term paper:
European Monetary Union were set at a meeting Maastricht in 1992; in 1999 the euro replaced the national currencies of those nations meeting requirements for first-wave membership. Requirements were
strict, including a stipulation that national debt could not exceed 3 percent of GDP. It was Germany, with its high-flying economy at the time, that was responsible for pushing
through those strict fiscal membership criteria. Since then, it has struggled to meet the economic criteria it insisted on pushing through a decade ago. Indications are that Germanys
economy is improving, and that it may improve dramatically in the near future. Current Conditions and Recent History Germanys economy operates as a
highly regulated and highly taxed form of capitalism that holds to a free market system as much as regulations will allow. The sentiment has socialist leanings, in which labor
unions have held a great deal of power for decades. Nevertheless, Germanys economy is the worlds fifth-largest (Germany, 2004), even after experiencing economic growth of less than 1 percent
during the period of 2001-2003 (Germany, 2004). During the same period in which businesses in other developed nations have been struggling to meet
the demands of ever-increasing competition, German business has been hindered by Germanys labor laws and government regulation extending even to the number of hours a retail establishment can operate during
a single week. Laws are changing, but for many years business has not been free to adjust the size of its workforce to meet current needs. Once it
created a position and filled it, then it was required to retain that employee in perpetuity barring any grossly unacceptable conduct on the part of the employee. This is
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