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Article: Wunderkind at 40. (West Germany) (editorial)
- Article from:
- The Economist (US)
- Article date:
- May 7, 1988
CopyrightCOPYRIGHT 1988 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WEST Germany is rich, clean and politically stable. It is capitalism's third-biggest economy, and keystone of the western alliance. What happens there matters, in a big way. Right now, little of what is happening is good.
The country is no longer getting richer as quickly as it used to, as it should be, or as nearly every other economy is. Nobody understands this better than the Germans themselves, who are engaged in a national brooding. This mood should not be dismissed as merely another upswing in the country's Angst cycle though it is that as well. By 1990 West Germany will have a full decade of economic under-performance behind it, with the causes more or less ...