How did Germany do it? How did it steer through the economic storms of the last several years and come out stronger than before? What is the secret of a country with high labor and energy costs in maneuvering successfully in global competition? Jack Ewing takes a crack at answering those questions in his book …Read More
While the U.S. economy today is still below pre-crisis levels of growth, its recovery is underway, which also has a positive effect on Europe. Bernd Weidensteiner, Director and Senior U.S. Economist at Commerzbank AG, led a roundtable discussion at AICGS on the outlook of the economy on Monday, May 12, 2014.
“I don’t want the next big job-creating discovery and research and technology to be in Germany or China or Japan. I want it to be right here in the United States of America. I want it to be right here in North Carolina.” This statement was made by President Barack Obama during a speech at …Read More
In this featured article from Scientific American, Stefan Theil, Newsweek’s Berlin Bureau Chief and regular AICGS contributor, examines how Germany is able to maintain a strong manufacturing sector, and thus a relatively strong economy despite ongoing struggles in Europe. View the full article here This content is generously provided to AICGS by Scientific American.
Throughout Germany’s handling of the euro zone crisis, much has been made of its strong economy – particularly in the manufacturing sector – as an example for the less economically stable countries to follow. However, as Dr. Stephen Silvia points out, Germany’s success in high-wage manufacturing jobs may not be all it is cracked up to be.
This week, Volkswagen (VW) announced wage increases for over 100,000 workers in six of its plants in western Germany. Representatives of IG Metall and upper management of VW reached this agreement in a second round of deliberations on Thursday. In addition to the 4.3% annual wage increase, the company agreed to the trade union’s proposal …Read More