“Countries that are reducing barriers to trade, promoting education and research, digitizing and networking with each other are growing more strongly than countries that are not.”
This is a central result of the first structural report of the Institute of German Economy (IW) Germany with 22 other national economies. Unlike most other countries, the position of industry in Germany is very important. However, the data show that there is no superior economic structure per se. According to the economist Vera DEMARY (IW): “It does not matter what you produce, but how you produce. There is still potential for the topic Industrie 4.0.” (IW press release from 16.11.2015)
A comparison of the situation in Germany and Japan will reveal how an improvement of the national framework for digitization - such as the legal system, expansion of the (digital) infrastructure or regulation – can result in higher economic growth.