{'fraction_non_alphanumeric': 0.017650025214321734, 'fraction_numerical': 0.002017145738779627, 'mean_word_length': 4.993957703927492, 'pattern_counts': {'":': 0, '<': 0, '<?xml version=': 0, '>': 0, 'https://': 0, 'lorem ipsum': 0, 'www.': 0, 'xml': 0}, 'pii_count': 0, 'substrings_counts': 0, 'word_list_counts': {'cursed_substrings.json': 0, 'profanity_word_list.json': 0, 'sexual_word_list.json': 0, 'zh_pornsignals.json': 0}}
WHAT HAPPENED TO THE GERMAN ECONOMIC MIRACLE ?

In most of the 80s, the West-German economic performance has been disappointingly lackluster. Overall economic growth was relatively sluggish and unemployment remained at a very high level. This is the more disappointing for many observers since Germany was expected to contribute greatly to a sustained recovery of the world economy and to a reduction of other countries' external deficits. The purpose of this paper is not to discuss how a stronger expansion of the German economy could have helped to relieve unemployment and trade balance problems in other countries. Instead it will be asked why Germany failed to expand output at a higher rate and to reduce unemployment in the current upswing. What happened to the German economic miracle ? Do Germans loath economic growth, are they more concerned about the externalities of industrial production, i.e. pollution, noise, traffic congestion, etc., than about unemployment. To answer these questions a description of the German economic miracle will be given first. What was it and how was it achieved ? The answer will be that deregulation, tax reductions, and the opening up of profit opportunities provided the driving force for the revival. The second section, contains an analysis of what happened to the German economic miracle. Germany's overall economic performance will be discussed in terms of general macroeconomic variables. Part three deals with the question what happened to profits and profit opportunities ? It will be shown that there was a pronounced deterioration of profits in Germany since the late 60s. The following section contains an analysis of what accounts for the decline of profits, the main hypothesis being that the decline is related to the implementation of the second phase of the social market economy which was based on strong redistributional and equality issues. Finally, the current state and trend of German economic policy is summarized.