Business Review


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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Creative Commons Attribution 4.0 International License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Published Online

March 02, 2021

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Economics Commons



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