German concept of Soziale Marktwirtschaft (social market economy, hereinafter SMW). A “system” would never explain everything. SMW therefore does not explain it all. But it is widely believed that SMW was the biggest single factor for the recovery of Germany after WW II and her performance ever since. It may be worthwhile to have a closer look at what SMW is about.
Reunification, Balance of payment, surplus
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Aden, M. (2011). Soziale Marktwirtschaft - key to economic success or contradictio in adiecto. Business Review, 6(2), 9-19. Retrieved from https://ir.iba.edu.pk/businessreview/vol6/iss2/2
March 02, 2021