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Would Mittelstand make America great again?

Unlikely, as it takes factors such as business culture and government support to make the German system successful.

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The Mittelstand is not designed to deal with America's challenges such as high dropout rates from schools and the preference for college degrees.

K Ravi KumarĀ & Subrata Chattopadhyay Banerjee

IN the past decades, US economic growth has been achieved by driving down costs through outsourcing and by keeping wages low through globalisation. A harsh lesson learnt during the 2008 crisis was that lowering costs alone...

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