“Building Resilience” A comparison of eight OECD countries. Bertelsmann Stiftung Inclusive Growth for Germany|12

Harendt, Christoph and Heinemann, Friedrich (2017) “Building Resilience” A comparison of eight OECD countries. Bertelsmann Stiftung Inclusive Growth for Germany|12. UNSPECIFIED.

PDF - Published Version Download (4Mb)

Abstract

Increasing resilience is one of the top priorities of global economic policy. In a comparison of eight industrialized countries, a quite varied picture emerges. On four dimensions of performance (growth, unemployment, protection against poverty and distribution), Japan and Australia show considerable resilience in the context of crisis. France and Italy demonstrate a low level of resilience. The United States does little to serve as a role model for Europe with regard to resilience; while growth rates have been successfully stabilized there, crises have been accompanied by increases in inequality. The figure examines Germany’s performance in the context of crisis. Performance is measured using a preand post-crisis comparison. In comparison to the average of the here considered countries, Germany has coped with crises well with regard to consequences for distribution and unemployment. The consequences of a crisis with regard to poverty risks correspond with the country- sample average. In past decades, Germany has performed somewhat below the average level with regard to stabilizing growth. However, this improved significantly with the financial crisis.

Actions (login required)