In a new international study of the conditions for family business, Germany ranks only just ahead of the end table. In the annual comparison of 21 industrialized countries by the Mannheim-based economic research Institute ZEW, the Federal Republic of Germany fell by three ranks to the Position 17. Even worse, only France, Spain, Italy, and Japan cut.
Ranked as one of this year’s “country index for family enterprises”, the United States. Behind the United Kingdom and the Netherlands, as the Foundation for family businesses announced as the Client of the study on Monday.
Weak Point Is Infrastructure
The ZEW involves in the investigation of many factors: taxes, labor costs, productivity, human capital, regulation, financing, energy and infrastructure and institutions. The client is the Foundation for family businesses. In the previous year, Germany was on rank 14. Weaknesses of the study’s authors see, among other things, in relatively high corporate taxes and labor costs.
A further weak point of Germany, its infrastructure, both transport paths as well as the information technology is, according to ZEW. Here appear the Federal Republic of Germany “in the meantime, compared to the competitors in Western and Northern Europe, but also in North America and Japan as a clearly beaten off”, – stated in the study. Strengths of the site, the financing and the relatively good capitalisation of German family-owned companies before the start of the Corona-crisis, accordingly.
The Foundation dropped the country index in 2006 for the first Time collect, Germany has fallen back since then to five places. Worse to have developed no other site that criticized the Foundation. Germany must be made more competitive.