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German Model
The term German model is most often used in economics to describe post-World War II West Germany's means of using (according to University College London Professor Wendy Carlin) innovative industrial relations, vocational training, and closer relationships between the financial and industrial sectors to cultivate economic prosperity. The two key components of the German model is a national system for certifying industrial and artisan skills, as well as full union participation in the oversight of plant-based vocation training. The German model of collective bargaining differs from the model common in other European countries and the United States. In Germany, unions and employer associations bargain at the industry-region level. In contrast to tripartite corporatist systems, the German government is not involved in the negotiations. These large-scale agreements have broad coverage and lead to considerable standardization in wages and employment conditions across the country. Some ...
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VW Wolfsburg
Volkswagen (VW; )English: , . is a German automobile manufacturer based in Wolfsburg, Lower Saxony, Germany. Established in 1937 by The German Labour Front, it was revitalized into the global brand it is today after World War II by British Army officer Ivan Hirst. The company is well known for the Beetle and serves as the flagship marque of the Volkswagen Group, which became the world's largest automotive manufacturer by global sales in 2016 and 2017. The group's largest market is China (including Hong Kong and Macau), which accounts for 40% of its sales and profits. The name derives from the German words and , meaning . History 1932–1944: People's Car project Volkswagen was established in 1937 by the German Labour Front () as part of the Strength Through Joy () program in Berlin. In the early 1930s, cars were a luxury—most Germans could afford nothing more elaborate than a motorcycle, and only one German out of 50 owned a car. Seeking a potential new market, some ...
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Apprenticeship
Apprenticeship is a system for training a potential new practitioners of a trade or profession with on-the-job training and often some accompanying study. Apprenticeships may also enable practitioners to gain a license to practice in a regulated occupation. Most of their training is done while working for an employer who helps the apprentices learn their trade or profession, in exchange for their continued labor for an agreed period after they have achieved measurable competencies. Apprenticeship lengths vary significantly across sectors, professions, roles and cultures. In some cases, people who successfully complete an apprenticeship can reach the " journeyman" or professional certification level of competence. In other cases, they can be offered a permanent job at the company that provided the placement. Although the formal boundaries and terminology of the apprentice/journeyman/master system often do not extend outside guilds and trade unions, the concept of on-the-job trai ...
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Free Market
In economics, a free market is an economic market (economics), system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of Forms of government, government or any other external authority. Proponents of the free market as a normative ideal contrast it with a regulated market, in which a government intervenes in supply and demand by means of various methods such as taxes or regulations. In an idealized free market economy, prices for goods and services are set solely by the bids and offers of the participants. Scholars contrast the concept of a free market with the concept of a Coordinated market economy, coordinated market in fields of study such as political economy, new institutional economics, economic sociology, and political science. All of these fields emphasize the importance in currently existing market systems of rule-making institutions external to th ...
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Annual Export To 2008
Annual may refer to: *Annual publication, periodical publications appearing regularly once per year **Yearbook **Literary annual *Annual plant *Annual report *Annual giving *Annual, Morocco, a settlement in northeastern Morocco *Annuals (band), a musical group *Annual, every once in a while See also * Annual Review (other) * Circannual cycle In chronobiology, the circannual cycle is characterized by biological processes and behaviors recurring on an approximate annual basis, spanning a period of about one year. This term is particularly relevant in the analysis of seasonal environment ...
, in biology {{disambiguation ...
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Bundesagentur Für Arbeit
The Bundesagentur für Arbeit (BA for short, AA or Arbeitsagentur) ('Federal Employment Agency') is a German federal agency under the Federal Ministry for Labour and Social Affairs. Its headquarters are in Nuremberg. Its director is Andrea Nahles. The BA manages job centres across Germany and administers unemployment benefits Unemployment, according to the OECD (Organisation for Economic Co-operation and Development), is the proportion of people above a specified age (usually 15) not being in paid employment or self-employment but currently available for work d .... The agency is further divided into ''Arbeitsagentur'' and ''Jobcenter''. Organization BA provides services for the labor market as a federal agency, including job placement, job advice and job promotion, administering German unemployment insurance, and regulating unemployment benefit. As a federal corporation under public law with self-administration, it is subject to legal supervision by the Federal Mi ...
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Gross National Income
The gross national income (GNI), previously known as gross national product (GNP), is the total amount of factor incomes earned by the residents of a country. It is equal to gross domestic product (GDP), plus factor incomes received from non-resident by residents, minus factor income paid by residents to non-resident. In contrast to GDP, GNI is not a concept of value added, but a concept of income. GNI is the basis of calculation of the largest part of contributions to the Budget of the European Union. In February 2017, Ireland's GDP became so distorted from the base erosion and profit shifting ("BEPS") tax planning tools of U.S. multinationals, that the Central Bank of Ireland replaced Irish GDP with a new metric, Irish Modified GNI (or "GNI*"). In 2017, Irish GDP was 162% of Irish Modified GNI. GNI contrast with net national income : NNI = GNI - Depreciation The Atlas method can be applied to correct for fluctuating exchange rates. History and name change Th ...
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Compensation Of Employees
{{no footnotes, date=April 2010 Compensation of employees (CE) is a statistical term used in national accounts, balance of payments statistics and sometimes in corporate accounts as well. It refers basically to the total gross (pre-tax) wages paid by employers to employees for work done in an accounting period, such as a quarter or a year. However, in reality, the aggregate includes ''more'' than just gross wages, at least in national accounts and balance of payments statistics. The reason is that in these accounts, CE is defined as "the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period". It represents effectively a total labour cost to an employer, paid from the gross revenues or the capital of an enterprise. Compensation of employees is accounted for on an accrual basis; i.e., it is measured by the value of the remuneration in cash or in kind which an employee ''becomes entitled to re ...
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Wage Share
A wage is payment made by an employer to an employee for work done in a specific period of time. Some examples of wage payments include compensatory payments such as ''minimum wage'', '' prevailing wage'', and ''yearly bonuses,'' and remunerative payments such as ''prizes'' and ''tip payouts.'' Wages are part of the expenses that are involved in running a business. It is an obligation to the employee regardless of the profitability of the company. Payment by wage contrasts with salaried work, in which the employer pays an arranged amount at steady intervals (such as a week or month) regardless of hours worked, with commission which conditions pay on individual performance, and with compensation based on the performance of the company as a whole. Waged employees may also receive tips or gratuity paid directly by clients and employee benefits which are non-monetary forms of compensation. Since wage labour is the predominant form of work, the term "wage" sometimes refers to a ...
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Agenda 2010
The Agenda 2010 is a series of reforms planned and executed by the German government in the early 2000s, a Social Democrats/ Greens coalition at that time, which aimed to reform the German welfare system and labour relations. The declared objective of Agenda 2010 was to promote economic growth and thus reduce unemployment. Overview On 14 March 2003, Chancellor Gerhard Schröder gave a speech before the German ''Bundestag'' outlining the proposed plans for reform. He pointed out three main areas which the agenda would focus on: the economy, the system of social security, and Germany's position on the world market. German finance minister Hans Eichel had the responsibility of implementing socially unpopular measures including tax cuts (such as a 25% reduction in the basic rate of income tax), cuts in the cost absorption for medical treatment and drastic cuts in pension benefits, and cuts in unemployment benefits. The measures were ostensibly proposed in accordance with the market li ...
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Gerhard Schröder
Gerhard Fritz Kurt Schröder (; born 7 April 1944) is a German former politician and Lobbying, lobbyist who served as Chancellor of Germany from 1998 to 2005. From 1999 to 2004, he was also the Leader of the Social Democratic Party of Germany (SPD). As chancellor, he led a coalition government of the SPD and Alliance 90/The Greens. Since leaving public office, Schröder has worked for Russian state-owned energy companies, including Nord Stream AG, Rosneft, and Gazprom. Schröder was a lawyer before becoming a full-time politician, and he was Minister President of Lower Saxony (1990–1998) before becoming chancellor. Replacing the longest-ruling chancellor in modern German history, Helmut Kohl (CDU), in the 1998 German federal election, 1998 federal election, he tried to address unemployment and poverty with the Agenda 2010 labour market reform, which increased Hartz IV, welfare benefits. Together with French president Jacques Chirac, in 2003, he did not join the Coalition of the ...
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German Reunification
German reunification () was the process of re-establishing Germany as a single sovereign state, which began on 9 November 1989 and culminated on 3 October 1990 with the dissolution of the East Germany, German Democratic Republic and the integration of its re-established constituent federated states into the West Germany, Federal Republic of Germany to form Germany, present-day Germany. This date was chosen as the customary German Unity Day, and has thereafter been celebrated each year as a national day, national holiday. On the same date, East Berlin, East and West Berlin, West Berlin were also reunified into a single city, which eventually Decision on the Capital of Germany, became the capital of Germany. The East German government, controlled by the Socialist Unity Party of Germany (SED), started to falter on 2 May 1989, when the removal of Hungary's border fence with Austria opened a hole in the Iron Curtain. The border was still closely guarded, but the Pan-European Picn ...
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