Juggernaut: The German Way of Business: Why It is Transforming Europe--And the World

German business is poised to lead the West into the 21st century, according to this spirited appraisal by a Forbes European correspondent. To help others fall in line, Glouchevitch cites German-business characteristics, including Mittelsband , a socially-oriented mid-class core of paternalistic niche-market companies; a small though growing stock market dwarfed by a powerful, prudent banking system; a liking for confidentially held reserve resources; a strong apprentice system and ``co-determination'' between management and labor. Also covered are imponderables like underground terrorism and East German business development. A treatise as informative and readable as this on the U.S. economy would be helpful to American business people, consumer-taxpayers and presidential candidates. (Sept.)