Ebook: OECD Economic Surveys: Germany 2010

This 2010 edition of OECD's periodic survey of the German economy includes chapters covering emerging from the crisis, facilitating structural change and preventing long-term unemployment, bringing public finances back to a sustainable path, lessons from the financial crisis for the banking system, and structural reforms to lift potential growth in a globalised world.Table of Content :-Basic Statistics of Germany, 2008 -Executive summary -Assessment and recommendations Chapter 1. Emerging from the crisis -The economy is coming out of a deep crisis...-...and the recovery will be slow-Repairing the damage caused by the crisis-The strong growth of the export sector and the current account surplus-Drawing lessons from the crisis-Annex 1.A1. Progress in structural reformChapter 2. Facilitating structural change and preventing long-term unemployment -Employment reacted with a long lag to the recession...-...but hours worked have been reduced significantly-Strict employment protection increases the risk of labour market duality-Preventing the buildup of long-term unemploymentChapter 3.  After the crisis: Bringing public finances back to a sustainable path-The economic crisis has reversed financial consolidation-A new fiscal rule will help to improve public finances...-...though its design may have to be refined-Compliance with the new fiscal rule requires fiscal consolidation...-...which has to be achieved through a combination of expenditure cuts...-....and revenue-raising measures-Improving the structure of the tax baseChapter 4. The banking system Lessons from the financial crisis-The banking sector was hit hard in the crisis-What factors led to the imapct of the crisis on German banks and how to fix them?Chapter 5. Structural reforms to lift potential growth in a globalised world-Considerable scope remains to lift potential growth-Economic dynamism needs to be consolidated in export sectors and broadened elsewhere...-... by making framework conditions more conducive to innovation and structural change-Product market regulation needs to become more competition friendly-Innovation should become less dependent on currently strong sectors-The education reform needs to continue-Immigration policy needs to make Germany more attractive to high-skilled foreigners-Annex 5.A1. What factors were behind the German export boom?