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The economic resilience of Stuttgart: vulnerable but resilient and adaptable

Abstract : This chapter describes the experiences in the region of Stuttgart during and after the global financial and economic crisis of 2008_09. The region was severely negatively hit by the crisis but achieved a fast recovery, notably by increasing exports to China. While the region faced huge problems to recover after a recession in the early 1990s, by 2014 Stuttgart had reached a new peak of employment. The reasons for this successful recovery are mainly rooted in the competitiveness and innovation capabilities of manufacturing industries and in the region’s institutional thickness. Despite the economic success, however, risks remain when considering the growing dependence of the regional economy on the automotive industry and export demand.
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Submitted on : Saturday, October 24, 2020 - 10:23:07 PM
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Rüdiger Wink, Laura Kirchner, Florian Koch, Daniel Speda. The economic resilience of Stuttgart: vulnerable but resilient and adaptable. Gillian Bristow; Adrian Healy. Economic Crisis and the Resilience of Regions, Edward Elgar Publishing, pp.41-60, 2018, 9781785363993. ⟨10.4337/9781785364006.00008⟩. ⟨hal-02977444⟩



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