It takes the average reader and 12 minutes to read A German Model for Europe? by Sebastian Dullien
Assuming a reading speed of 250 words per minute. Learn more
"Since the euro crisis began, many have seen the German economy as the model for the rest of Europe to emulate. In particular, the reforms of Chancellor Gerhard Schröder are credited with laying the ground work for current German economic success and global competitiveness by tackling an excessive welfare state and sclerotic labour market. But research in a new ECFR paper by Sebastian Dullien-- "A German model for Europe?"--Suggests this argument is wrong. Sebastian says Germany's current strength comes from wage restraint and pressure on education and research and development--a formula that would harm other European economies if it was applied more widely: The German approach has involved cuts to research and development, and to education--if this is copied elsewhere it would result in a lower rate of technological progress, harming long-term growth -- Emulating Germany's deflationary wage policy across Europe would reduce aggregate demand at a time when the EU's companies are looking for customers -- Widespread wage restraint could also lead to a mutually destructive "beggar thy neighbour" situation in Europe, with each country holding down earnings in an attempt to make their own economies more competitive. "The German model cannot be a blueprint for Europe. Instead of trying to copy the German approach as a whole, European leaders should carefully examine which of the elements of German reforms could actually increase productivity, output, and employment without detrimental effects on the partners or on long-term growth"--Sebastian Dullien"--Publisher's description.
A German Model for Europe? by Sebastian Dullien is 12 pages long, and a total of 3,024 words.
This makes it 4% the length of the average book. It also has 4% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 16 minutes to read A German Model for Europe? aloud.
A German Model for Europe? is suitable for students ages 6 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
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