An Echelon Media Company
Wednesday July 24th, 2024

Germany’s social market economy model and possible lessons for Sri Lanka’s economic order

Less than twenty years after the Second World War’s end Germany had emerged as a global economic powerhouse. Experts identified its success with the Social Market Economy, an approach to the economy combining the competitiveness of markets and regulation by the state for a free and prosperous society.

The Friedrich Naumann Foundation for Freedom’s head of Liberal Institutions, Justus Lenz, discusses the social market economy and how it might offer a model for Sri Lanka.