Part 7/9:
West Germany emerged from the ashes of war with a focus on small to medium-sized enterprises (SMEs), which became the backbone of its economy. This model promoted competition and innovation, ultimately leading to a significant export economy underpinned by a dedicated workforce. The introduction of the European Coal and Steel Community fostered greater trade relationships and laid the groundwork for the eventual formation of the EU.
The success of SMEs in producing high-quality, specialized products became a hallmark of the German economy, leading to increased global competitiveness.