Wednesday, October 16, 2019

Germany's Market economy as a Model for Europe Research Paper

Germany's Market economy as a Model for Europe - Research Paper Example However, the long run effects of the treaty might not seem to be as fruitful as expected owing to the divergent ideologies prevailing within the EU member states, where most of nations are argued to follow a neo-conservatism policy unlike Germany (Amable, 2011; Abrahamson, 2010). Even though the leadership performances of Germany has been praised by other EU nations, it has also been criticised on the basis of the recent financial crisis and free trade policies between the US and EU as one of the major constraints to channelize the instability within the member states (Mà ¶ller & Parkes, 2012). Thus, in light of the current economic ideological differences persisting within Germany and other EU member states and also with the US, a question arises that â€Å"Will the negotiated TTIP between the EU and the US impose significant impacts on the international trade affairs of Germany within EU and outside, causing alterations in Germany’s position in the near future of global po litics†. In the current milieu of global politics, effects of the recent economic downturn can be witnessed apparently in the reasons acting behind international treaties. A similar aspect can be witnessed in relation to the proposed TTIP treaty promoting free trade between EU member states and the US. In the aftermath of the global financial crisis of 2008, both the US nation and the member states of EU had been facing inevitable disruptions in terms of economic stability and growth. As was apparently noted, the GDP rates in all over EU countries were dipping rapidly creating a strong negative influence on its monetary policies. The effects of financial crisis 2008 were apparent in the EU housing market and also in its stock market which indicated a steeply declining growth rate [refer to figure 1 and 2] (European Commission, 2009). Evidently, the performance of almost every sector in the EU member states began dipping,

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