Germany and its Economy Essays - 980 Words

Germany and its Economy Known as the fair capital, Germany lies in the center of Europe and in the center of the European home market. Approximately two thirds of the top international fairs take place in Germany. Germany is successful. A leader in world trade, Germany is the third largest economy in the world and the biggest market in Europe. It wasnt always this way though; European power struggles wounded the country in two devastating World Wars in the first half of the 20th century and left the country dominated by the victorious Allied powers of the US, UK, France, and the Soviet Union in 1945. Germany has been through all of the phases of the business cycle many times. It even suffered immense depression after†¦show more content†¦In addition to this, an attempt is made to prevent restraints on competition resulting from monopolies and cartels. Since Germany is a market economy, the three economic questions are answered almost the same was as we in the United Statesanswer them. The consumers of Germany answer the three economic questions by what they buy and dont buy. Given that Germany is known as a large exporting nation, many kinds of goods are produced there. A large amount of what they export is made up of vehicles, chemicals, machinery, metals manufactures, foodstuffs and textiles. They also have a large agricultural industry with products such as potatoes, wheat, barley, sugar beets, fruit, cabbages, cattle, pigs and poultry. Germany is also among the worlds largest and most technologically advanced produces of iron, steel, coal, cement, chemicals, machinery, vehicles, machine tools, electronics, food and beverages. They make an estimated 506 billion dollars every year in exports and spend 472 billion on imports. The current inflation rate in Germany is around 2.4% and the unemployment rate is 9.4%. Income is measured as the value of an economys gross domestic product divided by its population. The purchasing power parity was an estimated 2.2 trillion dollars with parity per capita of $26, 200; the growth rate of GDP was 3% from 2000 toShow MoreRelatedGermany And The Economy Of Germany1779 Words   |  8 PagesFortunately for us, Germany devotes 2.853% of its GDP to RD activities which is even higher than our home country of the United States which only devotes 2.806% of GDP (OECD II 1). Ultimately, after thoroughly assessing the economic situation in Germany we as a country firmly believe that we can be successful not just in Berlin, but the entirety of the country. Now that we have briefly examined what we will sell and who we will sell it to and analyzed the culture and economy of Germany. It becomes timeRead MoreGermany s Economy And The Economy Essay2104 Words   |  9 PagesGermany While looking at an overview of Germany’s economy and individual can tell, the country is very economically sound and efficient. Even though Germany’s economy is currently doing very well, the still deals with different fiscal policies, lags and deficits, like any other country. There are also a couple of other factors that play into Germany’s economy, including banking and financial institutions, and international trade. There are two kinds of fiscal policies; expansionaryRead MoreGermany Political and Economy1791 Words   |  8 PagesLinh Pham Germany – Political Structure and Economy HIS200 Dr. Joanne McKay November 24 2013 Germany – Political Structure and Economy After the World War II, the winner of the war divided Germany and its capital, Berlin, among themselves. East Germany, a brand new country that promised to show the world why socialism was the best political system, was occupied and controlled by The Soviet Union. West Germany, called the Federal Republic, was occupied by the Americans, British and FrenchRead MoreGermany And Its Impact On The Economy1348 Words   |  6 PagesGermany Social The graph shows that the population has overall decreased by 1.11 million. From 2011 to 2015 the population increased 980,000 and more potential grow could be seen. The large population would have influenced the smartphone market to grow as more need the technology in their lives to communicate with each other hence why the industry has grown over the years. People prefer to carry a smartphone that has display size of five inches or more. Getting features and updates addedRead MoreEconomic Impact Of The Germany Economy852 Words   |  4 Pages Germany today is seen as successful, thriving and prospering nation with a strong economy putting it ahead of its European counterparts, one of which is the United Kingdom. Despite the challenging economic setting within the European Union, Germany continues to be one of the world’s most influential and dynamic economies. Business and investment freedom are robust. Long-term competitiveness and entrepreneurial growth are supported by openness to global commerce, well-protected property rights, andRead MoreA Look Into Germany s Economy Essay2559 Words   |  11 PagesGermany Natalie Retzlaff, Blake Otte, Cameron Bancroft, Claudia Navarro Economics 2110 CRN 10232 A Look into Germany’s Economy When looking at a map of Europe and asked to identify a country with one of the best economically sound counties, many people would say Germany. According to the UK – German connection Voyage, â€Å"Germany is a republic with a parliamentary democracy and a bicameral system of government. The Federal Government consists of the Chancellor and his or her ministers who are drawnRead MoreWest Berlin : The Economy Of West Germany1760 Words   |  8 Pages In contrast to the desolate picture life in East Berlin painted, the economy of West Germany, which also included West Berlin, was rebounding and becoming quite strong. West Berlin’s businesses were booming, and their industry products were readily and rapidly bought by its resident who were eager to obtain the products and goods they had so long been deprived of previously, as a result of World War II.10 This new and heightening demand for goods pushed wages up quickly, and many new jobs wereRead MoreGermany Is One O f The Most Advanced Economies In The World.1427 Words   |  6 PagesGermany is one of the most advanced economies in the world. It is a leading exporter of a wide range of products: †¢ Machinery †¢ Chemicals †¢ Consumer electronics †¢ Foodstuffs It is also a stew of ethnicity and the epitome of a heterogeneous nation. It is thus a great place for an ambitious entrepreneur to establish their businesses. Below, we are going to delve into the processes of establishing various forms of companies in Germany, together with the costs that go along with them. The costs ofRead MoreThe Effect Of Optical Fiber On The Growth Of The Economy Of Germany1774 Words   |  8 Pagesof optical fiber in Germany. In addition, Independent research has proven that investments in future-proof infrastructure have a significant positive influence on the growth of the economy of Germany. During most recent 10 years, Germany has put over â‚ ¬80 billion in telecommunications infrastructure, yet to the extent ultra-fast broadband accessibility is concerned, the nation is still a sleeping giant. However, Interests in future-proof infrastructure won t just help Germany to become out of theRead MoreEssay on Germany – A Leading Economy with an Arguable life Quality1130 Words   |  5 Pagespublished online in the â€Å"Economist† on Feb 3rd 2011 from their print edition. The author who is not named concentrates on the economic performance of the G7 member countries, mainly on Germany. Compared to the other countries of the G7, Germany is the best performer of the last decade. With a GDP expansion rate of 3.6% Germany put itself ahead of most other rich countries, including the United States. Furthermore, the author covers the growth of Germany’s GDP per person compared to that of the United States