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Cooperation and Solidarity

Opportunities for an international social market economy - Experiences from Germany

Speech by Horst Koehler, former President of the Federal Republic of Germany, at the conference 'Cooperation and Solidarity - Opportunities for an international social market economy'.

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Former President of the Federal Republic of Germany, Horst Koehler, has pointed out the advantages of the Social Market Economy. During his visit in Dar es Salaam, Tanzania he said: “To preserve Africa's natural beauty and richness by internalizing all cost to it caused by economic development will be a huge, long-term investment - for the African people as well as for all mankind. And it will pay off best in my view when it is done in accordance with the principles of a Social Market Economy.”

For Koehler, Social Market Economy is not a static concept. It has to respond to constantly changing challenges e.g. to reconcile economy and ecology. The transition to a modern, successful Social Market Economy means nothing less than the transition to a new society in which Globalisation is not antagonised.

Koehler hopes that his introduction and the presentation of the Konrad-Adenauer-Foundation meet some curiosity in Tanzania for discussion and may contribute to help the nation to further define its own way towards a good future.

Please read the whole speech as pdf download.

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