The major trends of the 21st century, notably globalisation, digitisation, demographic change, recent developments within the EU, and the energy transition all represent major challenges for German business to tackle. If we are to successfully address these issues, we need to make our social market economy shipshape for the future. This is the over-arching task for the Federal Ministry for Economic Affairs and Energy.
- Priority for SMEs and start-ups;
- Generating investments, cutting red tape;
- Promoting digitisation within industrial companies and SMEs;
- Designing the energy transition in a reasonable way;
- Continuing the development of the European Economic and Monetary Union.
Ultimately, it is a permanent goal for the Federal Ministry for Economic Affairs and Energy to ensure both Germany’s competitiveness and a high level of employment. The Ministry wants to help achieve this by using the legislative, administrative, and coordinating role it has in the fields of energy, industrial, innovation, competition, SME, and European policy.
The Ministry’s policy is guided by the principles of the social market economy, which have proven very successful, and particularly so in times in which the economic environment has not been so favourable. A forward-looking economic policy is about creating lasting prospects for greater employment, investments, and growth in Germany