Germany enters the global economic wars

Germany Economy Minister Peter Altmaier presented a new industrial policy on Tuesday which puts the country's "industrial and technological sovereignty and capacity" at the forefront. The strategy calls for government support to ensuring the survival
Germany Economy Minister Peter Altmaier presented a new industrial policy on Tuesday which puts the country's "industrial and technological sovereignty and capacity" at the forefront. The strategy calls for government support to ensuring the survival of existing national champions.PHOTO: REUTERS

With the US and China increasingly competing rather than cooperating, Europe cannot stick to the old concept of globalisation.

A draft of Germany's new industrial strategy, presented by Economy Minister Peter Altmaier on Tuesday, is all about surviving in a competitive world - an approach he wants to sell to the German public first and then to the rest of the European Union.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

A version of this article appeared in the print edition of The Straits Times on February 07, 2019, with the headline 'Germany enters the global economic wars'. Subscribe