Tools | Bookmark & Share | Make MrWhy My Homepage
MrWhy.com
Go
MrWhy.com » Videos » This week our studio gast is Alexander Herzog-Stein.
This week our studio gast is Alexander Herzog-Stein.
This week our studio gast is Alexander Herzog-Stein.
Report
This week our studio gast is Alexander Herzog-Stein.
Herzog-Stein is a labor market expert for the Hans Böckler Foundation.DW-TV: Let’s pull in Alexander Herzog-Stein. He's a labor market expert from the Hans-Böckler Foundation. We just saw a great example of a success story on the labor market in the former East Germany. But the reality is, and I mean I hate to, you know, spoil the party here, but unemployment is higher in the East than in the West, wages are lower in the East than in the West. Will the East ever catch up? Alexander Herzog-Stein: You know, at the moment we have to have doubts. Growth is simply not sufficient to see a catch-up process in the East in the near future.   DW-TV: Why is that? Alexander Herzog-Stein: I think the East, the eastern economy is still burdened by the mistakes which have been made in the re-unification process. DW-TV: Was the biggest mistake that the East Germans were promised that in a very short amount of time that they would be equal with West Germany? Alexander Herzog-Stein: I think the biggest mistake was that the task was taken too easy. You know, it was expected that we could do it without any problems and it is a big task and it takes time. I think, you know, that it's not a twenty years time span which was promised but we should have taken responsibility to see that it is a big task if we want to achieve that. That was not the case at the beginning. DW-TV: Is it realistic to expect that the East will ever be on par with the West? Alexander Herzog-Stein: I think we still should not give up this target. However, something has to change. We have to see higher growth rates in the future in the East to accomplish that and we also have to be realistic in the sense that it will not be completely equal. That's not the case everywhere in Germany. There are differences in the West as well and there will be differences in the East. DW-TV: Let's fast forward to the economic crisis that we're dealing with right now all over Germany. We want to show ...
Channel: Deutsche Welle
Category: Business
Video Length: 205
Date Found: December 09, 2009
Date Produced:
View Count: 0
 
MrWhy.com Special Offers
1
2
3
4
5
 
About Us: About MrWhy.com | Advertise on MrWhy.com | Contact MrWhy.com | Privacy Policy | MrWhy.com Partners
Answers: Questions and Answers | Browse by Category
Comparison Shopping: Comparison Shopping | Browse by Category | Top Searches
Shop eBay: Shop eBay | Browse by Category
Shop Amazon: Shop Amazon | Browse by Category
Videos: Video Search | Browse by Category
Web Search: Web Search | Browse by Searches
Copyright © 2011 MrWhy.com. All rights reserved.