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304. What Are the Secrets of the German Economy — and Should We Steal Them?

Freakonomics Radio

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The System of Industrial Relations in Germany

Uve reinhart: In germany, the unions have representatives on the board of the company. This set up gives workers more leverage over employment policies, including wages. She says there is an opening clause in agreements between firms and their employees that allows them to deviate from these arrangements under certain well specified circumstances. Uve Reinhart: I'md talking here about the export superstars - all these so called hidden champions in germany.

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