Udržitelnost německého ekonomického modelu v globálních politických změnách: migrace jako výzva nebo příležitost

This thesis is devoted to the description of the German economy throughout recent decades including the unification and introduction of the euro. The thesis enumerates the basic features of the German economic model and identifies the main policy failures, as well as successes of its government. An important part of this thesis concerns the consequences of the introduction of euro and the subsequent increase in the competitiveness of the German economy at the expense of the other Eurozone members. The main part of this thesis investigates the economic sustainability of the German economic model in the context of the current European refugee crisis. This thesis focuses mainly on the challenges and opportunities brought by the changing global environment and it examines the changing population trends in Germany and the possible scenarios immigrants can cause. It finds opportunities of how the German economic model could be changed towards the better sustainability.