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The red tail light - The reasons for Germany's weak growth and the necessary reforms

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  • Hans-Werner Sinn

Abstract

Die Standort- und Wachstumsschwäche Deutschlands hat bedrohliche Ausmaße erreicht. Seit 30 Jahren steigt die Arbeitslosigkeit, und das Wachstum erlahmt. Deutschland wird zurzeit sukzessive von einem EU-Land nach dem anderen überholt. Der Euro hat die deutsche Wirtschaft des Zinsvorteils beraubt, den sie unter dem Schutze der D-Mark hatte, und der wirtschaftliche Misserfolg bei der deutschen Vereinigung belastet das Land schwer. Nur noch wenig Zeit bleibt für eine Erholung, bis die fortschreitende Überalterung der Bevölkerung die Kraft für einen neuen Aufschwung schwinden lässt. Japanische Verhältnisse sind noch nicht gekommen, aber sie drohen. Die wachsende Zahl der Insolvenzen und die Bankenkrise sind ungute Vorboten der Probleme, die noch anstehen könnten. Die Europäische Zentralbank hat die Verantwortung, Deutschland vor einer Deflation zu bewahren, aber eine solche Politik allein reicht keinesfalls aus, das Land wieder in Schwung zu bringen.

Suggested Citation

  • Hans-Werner Sinn, 2002. "The red tail light - The reasons for Germany's weak growth and the necessary reforms," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 55(23), pages 3-32, December.
    • Handle: RePEc:ces:ifosdt:v:55:y:2002:i:23:p:3-32
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    Citations

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    Cited by:

    1. Sinn Hans-Werner, 2019. "Der Streit um die Targetsalden : Kommentar zu Martin Hellwigs Artikel „Target-Falle oder Empörungsfalle?“," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 20(3), pages 170-217, September.
    2. Wolfgang Gerstenberger & Beate Henschel & Herbert Hofmann & Carsten Pohl & Heinz Schmalholz & Carola Boede & Michaela Fuchs & Martin Werding, 2004. "Auswirkungen der EU-Osterweiterung auf Wirtschaft und Arbeitsmarkt in Sachsen," ifo Dresden Studien, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 35.
    3. Wolfgang Meister, 2005. "Taxes on labour," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 58(24), pages 06-17, December.
    4. Andreas Peichl & Nico Pestel & Sebastian Siegloch, 2013. "Ist Deutschland wirklich so progressiv? Einkommensumverteilung im europäischen Vergleich," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 82(1), pages 111-127.
    5. Volker Rußig, 2003. "Continuing decline in housing completions in Europe," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 56(02), pages 11-19, January.
    6. Hagen Lesch & Wernhard Möschel & Claus Schnabel & Martin Kannegiesser & Friedhelm Pfeiffer & Reinhard Bispinck & Hartmut Seifert, 2004. "Single-plant bargaining versus collective agreements," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(03), pages 3-23, February.
    7. Seliger, Bernhard & Wrobel, Ralph M., 2007. "Die Krise der Ordnungspolitik als Kommunikationskrise," Discourses in Social Market Economy 2007-01, OrdnungsPolitisches Portal (OPO).
    8. Volker Rußig, 2003. "Construction activity in Europe: Anxiously awaited upswing Further results of the 54th EUROCONSTRUCT winter conference 2002," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 56(03), pages 11-22, February.
    9. Karl Aiginger, 2003. "Insufficient investment into future growth: the forgotten cause of low growth in Germany," Economics working papers 2003-14, Department of Economics, Johannes Kepler University Linz, Austria.
    10. Peichl, Andreas & Schaefer, T., 2008. "Wie progressiv ist Deutschland? Das stuer-und transfersystem im europaischen vergleich," EUROMOD Working Papers EM1/08, EUROMOD at the Institute for Social and Economic Research.
    11. Wolfgang Gerstenberger, 2003. "Wirtschafts- und Arbeitsmarktentwicklung Sachsens in der laufenden und den nächsten Dekaden," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 10(05), pages 9-26, June.

    More about this item

    JEL classification:

    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General
    • J50 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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