Episode 35:
Competitiveness: Lessons from Germany
Siegfried Herzog analyzes Germany’s ingredients
for competitiveness as well as its disadvantages. He
weighs the benefits of its dual system of education,
the relationship between its trade unions and employers,
its financing system and its efficient bureaucracy against
the weaknesses of its high labor costs and greatly regulated
labor market.
He then draws from these lessons for the Philippines.
He points out that though there are no quick fixes,
the key is to get the basics right: improvement of
education, capitalization on local traditions and
skills, clear definition and protection of property
rights and development of infrastructures.
Please view the corresponding PowerPoint presentation
here.
The music is provided by Dieter
Bachmann and Leroy Anderson.
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