In this book, one of Germany's most influential economists describes his country's economy, the largest in the European Union and the third largest in the world, and analyzes its weaknesses: poor GDP growth performance, high unemployment due to a malfunctioning labor market, and an unsustainable...

Frontmatter -- Contents -- Contributors -- Preface -- Acknowledgments -- Part I INTRODUCTION -- 1 Introduction and Overview -- 2 Innovation in an Historical Perspective: Tales of Technology and Evolution -- Part II COUNTRY STUDIES -- 3 The United States -- 4 Japan -- 5 Germany -- 6 France -- 7...