Abstract

This caselet explains the effect of globalization on the German economy, especially its labor market. It delves into the issues of job cuts and employee concern over job security. It details the reasons for the decline of the German economy.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

• Job cuts and reduced wages in German companies
• Is the economic turmoil a result of globalization?
• and Slow economic growth in Germany.

Keywords

General Motors (GM), Volkswagen, DaimlerChrysler, job security, Siemens, GDP, deutsche mark, EU limits, German economy, globalization