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Die Krise bekämpfen, das Wirtschaftsmodell neu justieren
[Fighting the Crisis, Readjusting the Economic Model]

Author

Listed:
  • Veronika Grimm

    (Friedrich-Alexander-Universität Erlangen-Nürnberg)

  • Christina von Rüden

    (Verband der Elektro und Digitalindustrie (ZVEI))

Abstract

Tackling the crisis, readjusting the economic model: Rising energy prices, historically high inflation rates and ongoing supply chain bottlenecks are challenging Germany’s long-standing industrial base. On top of that, entrepreneurs and the state alike are faced with new geopolitical tensions forcing them to re-evaluate existing (trade) relationships. In order to strengthen Germany’s attractiveness as an industrial location in the long term and to emerge from this crisis more resilient to economic and geopolitical changes, its economic model needs to be readjusted. In this article, we thus discuss key areas of action, including how to secure energy supply, how to diversify international relationships, as well as how to provide sustainable and targeted support to firms that does not prevent structural change.

Suggested Citation

  • Veronika Grimm & Christina von Rüden, 2022. "Die Krise bekämpfen, das Wirtschaftsmodell neu justieren [Fighting the Crisis, Readjusting the Economic Model]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 102(12), pages 922-928, December.
    • Handle: RePEc:spr:wirtsc:v:102:y:2022:i:12:d:10.1007_s10273-022-3338-6
    DOI: 10.1007/s10273-022-3338-6
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    References listed on IDEAS

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    1. Artem Marjenko & Martin Müller & Stefan Sauer, 2021. "The KfW-ifo Barometer of Skilled Workers: One in Five German Companies Is Currently Affected by a Shortage of Skilled Workers," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 74(04), pages 57-59, April.
    2. Dechezlepretre, Antoine & Sato, Misato, 2017. "The impacts of environmental regulations on competitiveness," LSE Research Online Documents on Economics 77700, London School of Economics and Political Science, LSE Library.
    3. Antoine Dechezleprêtre & Misato Sato, 2017. "The Impacts of Environmental Regulations on Competitiveness," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 11(2), pages 183-206.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Q4; O13; F5;
    All these keywords.

    JEL classification:

    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • F5 - International Economics - - International Relations, National Security, and International Political Economy

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