#My political scilab free

These structural reforms thus introduced were characterized with the fusion of ideas from liberal thought, principles of social welfare and corporatism under the border framework of a social market economy. Germany economist Ludwig Erhard has been credited with the introduction and implementation of these reforms (Witt, 2002, p.366).

#My political scilab free

Two contradictory principles, one based on the liberal tenets of the free market economy and the other on the ‘social’ dicta that aim to modify the outcome produced by the interactions of different actors in a market economy ensured through various redistributive and social security measures policies are balanced together in this system. This form of political-economic system is a product of a politically motivated merger of two different approaches to economic order and policymaking. A peculiar form of the political-economic system identified as ‘Soziale Marktwirtschaft,’ or ‘Social market economy’ characterizes Germany’s economic framework. The country’s economic reconstruction in the post-war period, as well as its current economic success, has been attributed to various structural reforms introduced by its polity makers in the 21 st century. Through this all the rise of the nation as the most successful economy in Europe is indeed remarkable, its economic model worth study. The country was further divided into two parts- East Germany and West Germany and managed to become unified again only in the late 20 th century. However, what makes the country’s success even more remarkable is the transformation that the country has undergone from the debilitated state the allies left it in after the country’s defeat in the Second World War. Germany presently occupies the status of the country possessing largest national economy in European Union that positions it as the world’s fourth-largest economy on the basis of its Nominal GDP. 'German Economic Miracle', is the phase often used to describe the country that has managed to rise from ashes. Political Economy of Germany Assignment Help Political Economy of Germany, what accounts for the enduring economic success of Germany? Is the 'social market model' still a characteristic of the German political economy?