The End of the Social Market Economy: Germany's Choices and Chances in Global CompetitionMr. Wolfgang Munchau, one of Europe's leading commentators on economic affairs and the author of the recently published book The End of the Social Market Economy (available in German), is a critical voice regarding the economics reforms being pursued in Germany. He warns that trying to reinvent the social market economic formula, which was so successful for Germany following World War Two, is a path that will not succeed. Instead, he argues that Germany needs more of a market economy, which in turn would result in more social justice. AICGS is very pleased to welcome Mr. Munchau to discuss his views on Germany's economy in a global context.Before taking up this position in September 2003, he was co-editor of Financial Times Deutschland, the German daily financial newspaper, for two years. Prior to joining FT Deutschland, Mr. Munchau was a Frankfurt correspondent and later economics correspondent of the Financial Times, reporting on the preparation for the final stage of monetary union and the launch of the Euro. Between 1988 and 1995 he held several posts at The Times, including Washington and Brussels correspondent. In 1989 he was a recipient of the Wincott Young Financial Journalist of the Year award.Dr. Adam Posen has been a Senior Fellow at the Peterson Institute since 1997. Dr. Posen's research covers macroeconomic policy under globalization, G-3 (US-EU-Japan) economic relations, and central banking issues. His forthcoming book, Reform in a Rich Country: Germany, will be published by the Institute in 2007.moreless
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