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The German Social Market Economy: An Option for the Transforming and Developing Countries?

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This study presents the economic system of the Federal Republic of Germany, the Social Market Economy. Its aim is to describe the elements of this system that ensure its openness, dynamism, efficiency, stability and social balance. Taking Germany as an example, the study thus seeks to identify what is specifically German about its market economy system rather than to explain how a market economy system works.

Kindle Edition

First published November 30, 1994

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About the author

Detlef Radke

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