"Contains extensive updates and added material"--Per publisher on electronic galley.

Includes bibliographical references (pages 315-334) and index.

"What has happened to the German economic miracle? Rebuilding from the rubble and ruin of two world wars, Germany in the second half of the twentieth century recaptured its economic strength. High-quality German-made products ranging from precision tools to automobiles again conquered world markets, and the country experienced stratospheric growth and virtually full employment. Germany (or West Germany, until 1989) returned to its position as the economic powerhouse of Europe and became the world's third-largest economy after the United States and Japan. But in recent years growth has slowed, unemployment has soared, and the economic unification of eastern and western Germany has been mishandled." "Sinn traces many of his country's economic problems to an increasingly Intractable conflict between Germany's welfare state and the forces of globalization. In Can Germany Be Saved? (a thoroughly updated English-language version of a German bestseller) he asks the hard questions - about unions, welfare payments, tax rates, the aging population, and immigration - that all advanced economies need to ask. Sinn's answers, and his call for a radical rethinking of the welfare state, should stir debate and discussion everywhere."--Jacket.

Translated from the German.

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