The global economy is in the midst of an encompassing transition, reflecting the highly disruptive potential of the process of digitisation. Many German commentators even view the digitisation of production ("industry 4.0") as the harbinger of a new industrial revolution. In their new working paper, Steffen Elstner, Lars P. Feld and Christoph M. Schmidt discuss the economic consequences caused by the digital transformation. Furthermore, they show how the German economic policy can strengthen the attractiveness of Germany as a preferred place for doing business against this background.
You can download the working paper here.