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universal banks exercised influence over industry over four basic levers, which still operate today. This practice which is not followed by any country by itself makes German corporate governance different from that of UK or the US. Its banking system played an especially important role in the In Germany’s era of rapid economic growth, the universal banks played a central role. German nations rapid economic growth.German capitalism has been characterized by science-based
Another factor in the Germans drive to economic growth was its strong craft tradition which till now allows for a swift transfer of new technical processes and less managerial supervision of production.
Germans educational system resulted in rapid growth. Their principle of a general education for everyone between 6 to 13 years of age was established in Germany by the end of the 18th century; while Britain introduced it late in the 19th century. They also had various business associations which intended to remove the boundaries between private and public affairs. The most important of these associations were the Chambers of Commerce and Industry which acted as the quasi-public institutions for the “self-government” of the economy. universal banks exercised influence over industry over four basic levers, which still operate today. This practice which is not followed by any country by itself makes German corporate governance different from that of UK or the US. Its banking system played an especially important role in the In Germany’s era of rapid economic growth, the universal banks played a central role. German nations rapid economic growth.German capitalism has been characterized by science-based

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