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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.

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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