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German Economy as a Global Generator of Growth and Development - Trends and Prospects

Author

Listed:
  • Flejterski Stanisław

    (Faculty of Management and Economics of Services, University of Szczecin, Cukrowa 8/511, 71-004 Szczecin)

  • Jodkowska Lilianna

    (University of Technology and Economics Berlin, Treskowallee 8, 10318 Berlin)

Abstract

The main objective of this paper is to synthetically present primary sources and agents of Germany's leading position in the global economy at the turn of the I and II decade of the twenty-first century. Economic growth and economic development is the result of many factors of different nature: traditional and modern, objective and subjective, exogenous and endogenous, economic and non-economic, with institutional and cultural to begin with. This universal statement also fully applies to German economy. The German experience in the restructuring of the economy is valuable from the Polish point of view, despite many well-known differences of the two economies. Germany, despite all the economic disruption and the difficulties of a structural nature (with the demographics to begin with), and dilemmas as to the future of the so called social market economy will remain a powerful and rich country. The economic situation of Poland depended, depends and will depend on the global prosperity, and thus the prosperity of our closest partner, i.e. Germany.

Suggested Citation

  • Flejterski Stanisław & Jodkowska Lilianna, 2011. "German Economy as a Global Generator of Growth and Development - Trends and Prospects," Folia Oeconomica Stetinensia, Sciendo, vol. 10(1), pages 53-65, January.
    • Handle: RePEc:vrs:foeste:v:10:y:2011:i:1:p:53-65:n:10
    DOI: 10.2478/v10031-011-0010-5
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