Freakonomics Radio 304. What Are the Secrets of the German Economy — and Should We Steal Them?
Oct 12, 2017
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Germany's Manufacturing Resilience
- Germany maintained a strong manufacturing share while many Western countries declined.
- Its export-focused recovery made it an economic outlier in Europe.
Rebuilding From Postwar Shame
- Reinhart recalls postwar shame motivating intense work and rebuilding across Germany.
- That cultural drive helped rebuild industry and national capacity after WWII.
Division Created A Decentralized Economy
- The Cold War division decentralized Germany's economy and shifted activity to cities like Frankfurt and Munich.
- This created a unique, multi-hub economic geography that persists today.