经济学人外刊原稿(2)

Roman Herzog, captured the zeitgeist

in 1997 when he spoke of "the loss of economic dynamism, the torpor of society, an

unbelievable mental depression". Reformers clamoured for elements of the German

model, like vocational training and centralised wage bargaining, to be scrapped.

Shaping up

Instead it was made more limber. Business outsourced some production to eastern

Europe; fear of that process extracted concessions from German workers, who offered

flexibility on wages and work hours

in exchange for greater job security. In the subsequent decade manufacturing's share of GDP rose even as it was falling elsewhere (see chart 3 on next page).

In the early 2000s, with growth still in low gear and unemployment in double digits, the then-chancellor, Gerhard

Schroder, a Social Democrat, started another round of gruelling physiotherapy.

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