Episode 35: Competitiveness: Lessons from Germany

Episode #035
(26:42 min 24.4MB)

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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