Furthermore, one only needs to have a cursory look at bookshops and libraries and it becomes evident that your work, dear Mr. Sinn, on many topics is appreciated well beyond German borders In your recent book, but also in other papers you wrote, you put forward a thesis aimed at reconciling what you call the “German puzzle:” i.e., the contemporaneous high merchandise export and slow growth.
Your analysis is relevant and interesting, but also very thought provoking. You point to high wages that lead to outsourcing as some of the explanations of the puzzle. Independently from the position that one has vis-à-vis your analysis, and agreeing with it or not, you have launched a valuable debate.