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The Social Market Economy in Germany and the Challenges of Globalization West Germany’s economic rebirth after World War II was achieved in a new social market economy. Not only did the Germans experience a “Wirtschaftswunder” (economic miracle), but they also were able to institute a high level of social support for all Germans. This economic system and the “cradle-to-grave” social system are now facing the double challenge of globalization and an expanding European Union. Jim Morrison has over 20 years experience in international business, both in the United States, Europe, and South America. He has dealt in international transportation, telecommunications, data transmission, power generation and distribution as well as the automotive industry. Mr. Morrison lectures at the University of Kansas on international business issues as well as German business culture. He is also associate director of the Center for International Business Education and Research (CIBER) at the university. Mr. Morrison holds a B.A. and M.A. from the University of Kansas and attended the Universitaet Erlangen/Nürnberg. He is certified by the German Chamber of Industry and Commerce as an “Industriekaufmann” after having completed an accredited program with Siemens in Germany covering all aspects of commercial administration. |
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