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German economic model - Coggle Diagram
German economic model
employees
representation
greater
than
in
UK
cooperation
unions
management councils
understanding
keys
to success
job
security
leading to
no
excessive
pay
demands
which
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mittelstand
small
enterprises
70%
employment
financing
vital
short-term
conditions
lacking
in
UK's
medium
culture
saving
fostered by
banks
as opposed to
UK's
credit
consumer
sector
manufacturing
20% GDP
compared to
UK
12%
decline
from 24%
developed
countries
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causes
trade
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trade
surplus
innovate
relations
vocational
training
appreticeships
systems
stronger
than
in
other
countries
embeded
in
most
industries
backbone
national
skills
base
compared
to
non-existent
in
UK
critical
German
way
of
working
relationship
close
financial
sectors
system
husbank
bank
ownership
corporate
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influence
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manufacturing