Glossary entry

German term or phrase:

Globalsteuerung

English translation:

demand management

Added to glossary by Stephan Elkins
May 24, 2007 11:29
16 yrs ago
1 viewer *
German term

Globalsteuerung

German to English Bus/Financial Economics Economic policy
Is there a common term out there for the German concept of "Globalsteuerung"? I would appreciate suggestions very much!

Since the text I am translating simply uses the term without providing any illustrative context, I have borrowed some context from Wikepedia to clarify what the term refers to:

"*Globalsteuerung* bezeichnet den steuernden staatlichen Einfluss auf den Verlauf der wirtschaftlichen Entwicklung, ohne die marktwirtschaftliche Ordnung in den Grundsätzen anzutasten. Die Mittel der *Globalsteuerung* wirken auf die Nachfrageseite des Marktes mit Hilfe von Geld-, Kredit-, Finanz- und Fiskalpolitik. Die *Globalsteuerung* ist ein Instrument der Wirtschaftspolitik nach den Rezepten des Nationalökonomen John Maynard Keynes. In der Bundesrepublik bekam die *Globalsteuerung* 1967 mit dem Stabilitäts- und Wachstumsgesetz von Karl Schiller eine gesetzliche Grundlage.
Proposed translations (English)
3 +1 deficit spending / demand management
4 global control
3 (state)fiscal/monetarist policy.

Proposed translations

+1
42 mins
Selected

deficit spending / demand management

I don't know how the term "Globalsteuerung" was translated into English when it was very popular in Germany, but it basically means the same as Keynes' concept of "deficit spending". (If I remember correctly, that term wasn't used by Keynes himself.) A more general expression which should fit is "demand management" (Nachfragesteuerung) because this is what the Globalsteuerung basically did.
Peer comment(s):

agree KARIN ISBELL
4 hrs
Thank you, Karin.
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4 KudoZ points awarded for this answer. Comment: "Demand management seems to fit best. Thank you all for your help!"
17 mins

(state)fiscal/monetarist policy.

in Keynesian terms,and very simplistically,stimulating demand in the public sector economy by levying high rates of taxation on the private sector :http://www.bized.co.uk/virtual/economy/policy/
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32 mins

global control

Einen besonderen Begriff hierfür gibt es m.E. im Englischen nicht.
Siehe Begriff und Kontext unten (UNCTAD).
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