Germany remains a land of ideas filled with outstanding scientists and creative entrepreneurs. This has brought us considerable wealth in past decades. Yet, sadly, Germany's innovative power is waning. The result: Germany is losing ground in important and promising research-intensive areas such as information technology, biotechnology and genetic engineering. Here, the United States, the Scandinavian countries and the Asians are setting the pace. "Made in Germany" remains a seal of quality around the world. But I get the feeling sometimes that we are all too content to rest on our laurels. Our competitors have caught up and are outpacing us.
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