Economic expert warns: Danger through globalization and trump parallels!
Economic expert warns: Danger through globalization and trump parallels!
The German Institute for Economics (DIW) is about to be found in July 2025. President Marcel Fratzscher emphasizes the essential role of data analysis in the economic policy decision -making. According to fr.de there is an acute need for action, similar to the presidency of Donald Trump in the USA, prevent.
Fratzscher describes the current situation in Germany as a "mental depression", which hinders positive solutions. He sees the German economy in a difficult, but not necessarily catastrophic situation compared to the past 70 years. Nevertheless, he warns of possible crises in the next ten years that could be geopolitical, economic, technological and climatic nature.
globalization and their challenges
Globalization is considered the foundation of the economic prosperity of Germany, but its exaggeration has also been criticized in the past 30 years. Fratzscher emphasizes that globalization has led to increasing inequality within societies. At this point he pleads for a more intelligent design of globalization, which should support disadvantaged groups more.
Dein industrialization represents another challenge, but also offers opportunities for new developments. Politics, attempts to make life difficult for life, is denounced as counterproductive for general prosperity. In order to secure the prosperity of Germany in the long term, the country must remain open and face its challenges.
In view of the uncertainties, many companies look at the future. Corona pandemic remains a central topic in 2022, as it leads to considerable disorders in the global supply chains. The Diw notes that it is the uncertainty about future problems and missing workers, the companies, the companies unsettled.sovereignty and global dependencies
The demands for sovereignty to regain control over economic challenges could stand out as harmful, since it is unrealistic in a global economy to claim complete national sovereignty. Germany benefits from the global division of labor, and a relocation of production could endanger productivity and remind of the problems of the Brexit.
technological sovereignty is another important goal, but there is already a high dependence on foreign technologies. The focus should therefore be on the management position in future areas such as artificial intelligence, medical technology and ecological transformation. In order to improve the resilience of economies and companies, a diversification of risks and a globally various production structure is required.
How the ifo analyzed Europe in competition with countries such as China and the USA. The successful integration and completion of the internal market are crucial to effectively maintain the interests of European countries.
The outlook on 2022 remains characterized by a certain optimism despite the existing challenges. Fratzscher and experts encourage a critical awareness of the geopolitical conditions and a proactive handling of the global challenges to ensure a stable economic future.
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