Compared to the US, the income distribution in Germany is more balanced (Gini coefficient 1Īs a statistical measure of the inequality of a distribution, the Gini coefficient uses values between 0 and 100. In addition, Germany is in the leadership group in terms of sustainability, as measured by the Sustainable Development Goals (SDGs) of the United Nations. The model of the social market economy has made Germany a winner in globalization: with an average per capita growth of 1.1 percent in the years 2000 to 2019, it is at the level of the United States (1.2 percent). Germany’s economy – a global success story. The following core themes summarize our analyses and recommendations. Why this comprehensive “creative renewal” is indispensable, what it promises, and what should happen to make it a reality is explained in this publication. Germany must identify a sustainable response to the upheavals in technology, demographics, and the global economic fabric as well as to new social requirements – particularly emissions and sustainability targets – and the juxtaposition of man and machine. But the factors that have particularly promoted our success in the past are visibly losing steam. Germany’s model of the social market economy, which has guaranteed prosperity, stability, and social security for decades, is clearly a strength.
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