Germany: The admired model for the globe ?

Basically this thread is evidence that the European and US media has shifted focus on the political and economic developments in Germany, a G7 country which has performed best during the 2010-11....

Noticing especially US comments, it always strikes me to read sentences like "since WW2 Germany has recovered formidably". It sounds absurd to cite a reference that happened 70 years ago, revealing rather the lack of knowledge in Germany´s (even Europe´s) economic developments.

Germany recovered in the 50-60s and was a leading exporter already in the 70-80ies. Only reunification efforts stopped a good performance for about a decade 1995-2005.

 

The tables hows exports per capita.

Per capita figures are commonly used to show the relative strength of a country in a particular area.

Comparing Germany 80 million with Ireland 4 million makes little sense in absolute terms.

On population alone Germany has to have 20 times the exports that Ireland has to have the same benefit to its much larger economy.

 

And as we both know , Life operates in a different Universe .
If it does not , what medication is being planned for Ireland to obtain size growth , and as Germany is so useless comparatively , when should we chop it into smaller pieces .
God Help Us .

 

I have absolutely no idea what you are talking about could you rephrase?

My point is that when comparing the relative strengths of different economies per capita figures are often used to allow comparisons between different sized economies.

 

You are right!

 

What can I say? We are the best!

 

Well according to a madman here , you lag seriously behind Iceland , Belgium and Ireland among others .
Odd , that they are all Bankrupt .
I must have skipped Universes without realising .

 

In exports per capita yes germany does. It is one indication of economic healtlh, not the sole determinant.

Exports are a very significant part of any economy and are crucial to growth.

 

LMAO!

(with Raymondo's posts -- what a bitter man he is!)

 

Yep.

I'm just suggesting that there are other countries who actually export more per capita, and they are worse off than Germany. I'm just saying that Germany isn't all glit&glam: for example, they don't have a minumum wage.

 

Is that what the British government pays you welfare for? Plus NHS contributions for your medication?

 

THE REAL GERMANY

 

Hey Cosmo,...

While I think something like that is perfectly tolerable...

We, Continental Europeans, must not forget that these larger group of "Anglo-Americans" are very sensitive about things like this... and they run the forum.

Funny, considering that the British and the Americans have the largest % of teenage pregnancies, etc.

 

When Iceland exports five hams instead of four they have the income from an extra ham which adds to its national wealth. Which yes is good for the country. An economy doesn't have to be big in absolute terms to be strong It can be very strong and in absolute terms quiet small.

 

Exactly , but tell that to our micro economist Janpoor .

 

I am a great advocate of English Bitter . It is a wonderful thirst quenching drink and for some strange reason it improves the faculty for making good judgements and talking good common sense .
Go out and buy yourself a barrel . It will do you the world of good .

 

LOL! You think I didn't knew that...

(Really?!)

(...)

 

I heard that England beat Scotty Land at Rugby today .
My pleasure was dashed when it was pointed out that on a points per capita basis Scotland were the real winners .
Must be some new rules out of Belgium . Perhaps our micro economist can help us out and explain this new legislation .

 

This strange wave of hymns of the German way is because of journalists without any intelligent, judgement and creativity. They take the economic growth rate and create a cheap story about the numbers they don't understand.

From 2001-2005 they wrote that everything would collapse in Germany, now they are singing hymns.

What happened is simple, with the introduction of the Euro as a currency new interesting markets appeared for investors, which caused a withdarwal of investements in Germany. Parallel there was a recession here and some reforms were made which made labour cheaper and the economy more competitive. They also tightened the welfare budget. To sum this complex process up in three lines.

Now, there is a recovery of the eonomy and because we were forced to reforms we were slightly better prepared for the crisis. Germany's debts are critical anyway and in the European midfield. I don't know why many journalists write that such problems do not exist in Germany just because of the fact that some countries are far worse. Many investors saw now some risks in the new markets which were praised as the New Europe and withdrew their capital to good old Europe.

Germany is neither the Garden Eden now nor was it in danger to collapse when they predicted the collapse. There are regions with extreme high living quality, but such regions exist nearly everywhere in Europe. I would be suprised if Germany exceeds other Western European countries by far in that respect.

 

NYT on German economy ...

http://www.nytimes.com/2012/02/09/opinion/germanys-hidden-economic-weaknesses.html

Quote:
A quick checkup of Germany in early 2012 would give the country a clean bill of health: it grew at about 3.5 percent in 2010 and 2011, outperforming the rest of the Group of 8 countries, as well as the consensus forecasts. Moreover, despite the recession, the number of people unemployed, well above five million just a few years ago, has been cut by almost half.

Germany’s success story does not end there. German companies continued to increase their market share in world exports. With only about 1 percent of the world’s labor force, last year Germany produced about 10 percent of global exports. And the value of its exports of goods and services exceeds that of its imports by something like 150 billion euros, about 5 percent of Germany’s G.D.P.

 

Germany is a great nation to do business with, and business at. Expect accurate work, accurate bills, timely deliveries of good and services, and no nonsense attitude. Now Italy and Spain on the other hand.....

 

Germany - A Bavarian Fairy Tale - ABC News Video

 

I appreciate the unbiased assessment. Very few people in these types of threads can do this. They either claim Germany is a socialist economy on the brink of collapse, or a capitalistic utopia that takes care of every citizen's needs.

 

Good to know that most of the established media, recognizes the rather favorable economic situation of Germany.

Basically most German industrial indicators are indeed the envy of the advanced nations. Be it unemployment data, national debt, GDP growth, innovation level, life expectancy, export figures, percentage of renewable energy etc....

In 2012 Germany indeed can offer some useful lessons how to manage a society where most of its citizens can profit.