Prosperity through free entrepreneurial development: The role of economic policy in Germany.

Prosperity through free entrepreneurial development: The role of economic policy in Germany.

According to a report by www.faz.net, this article discusses the importance of economic policy for companies and the need for a change of course. The author emphasizes that Germany is a wealthy country and that this prosperity is based on hard work, inventiveness and a policy of free entrepreneurial development.

Importance of economic policy for companies

Economic policy plays a crucial role for companies and their growth. An example of this is the federal state of Baden-Württemberg, which, with a share of around a third of the gross domestic product, has the highest proportion of manufacturing of all federal states. This impressive industrial productivity has a positive impact on wages, salaries and the demand for services in other sectors of the economy.

Change of course in economic policy

It is argued that now is the time to put the lessons learned from the economic policy debate into action. This calls for a change of course towards more self-confidence and freedom for companies and their personal responsibility. This change of course is intended to enable companies to realize their full potential and continue to contribute to the country's prosperity.

Impact on the market and the financial industry

Economic policies that support companies and give room for growth can have positive effects on the market and the financial sector. Companies that have more freedom and self-confidence can better concentrate on their core competencies and develop innovative solutions. This can lead to more competition and a better economic environment, which can also impact the financial sector.

It remains to be seen whether and how the demands for a change of course in economic policy will be implemented and what specific effects this will have on the market and the financial sector.