Adjustment to changing international conditions |
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Authors: | Heiko Körner |
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Institution: | 1. Technical University of Darmstadt, Darmstadt
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Abstract: | The structural changes in the world economy have made themselves increasingly felt in the Federal Republic of Germany over the past few years. For the first time since 1965 there is again a current account deficit, since merchandise trade is no longer able, due to the worsened terms of trade, to finance the traditional deficits on services and transfers. What policy should the Federal Government follow in order to help German industry adjust to these changes? |
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