Apr 3, 2014

Germany: From Sick Man of Europe to Economic Superstar

Germany lost on average 11 days of work each year per 1,000 employees by strikes and lock-outs between 1991 and 1999, but only five days per 1,000 employees between 2000 and 2007. These figures for the earlier and later time period compare to 40 and 32 days per 1,000 employees in the United States, 30 and 30 days in the United Kingdom, 73 and 103 days in France, 158 and 93 days in Italy, and 220 and 164 days in Canada (Lesch 2009). (p. 177).
That is from this very interesting article that I should use in an institutional economics class. The title is "From Sick Man of Europe to Economic Superstar: Germany’s Resurgent Economy."

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