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How Germany is able to run the world’s second largest export economy

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91–100 of 348 posts

Re: How Germany is able to run the world’s second largest export economy

#91

Earlier quoted context omitted.

I've only visited briefly, but Aldi in Germany was higher quality than any Aldi I've been to in the US.

The Aldi in Amsterdam is a damn depressing store. Low ceilings, flickering lights, no organization or ambiance, and angry looking workers. Miles from the Trader Joe's in California

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Re: How Germany is able to run the world’s second largest export economy

#92

Very informative. Does this imply that Brexit is the rational choice for the UK?

Maybe there's a simpler explanation, in Germany businesses are run quite conservatively in comparison. Nice for stability but probably bad for innovation. By the way, Germany is one of the top 5 exporting countries since decades, so this has little to do with the Euro: https://wits.worldbank.org/CountryProfile/en/Country/WLD/Yea... https://wits.worldbank.org/CountryProfile/en/Country/WLD/Yea...

As an Austrian sharing some history with Germany and always looking suspiciously what is going on there, I have been multiple times astonished by my fellow neighbors:

Productivity: They work hard, a lot and deliver.

Education: above average and leaning towards being curious

Conservativism: depends on county but is a thing

Innovation: despite conservtivism inmovation is high

Collaboration and criticism: Even though you might be in strong disagree with someone arguments count and once you quickly talked out the differences, intense collaboration towards goal achievemt is obvious.

I worked for 10+ years in continuing education and had students of all age and all infustrial sectors and these have been common shared characterstics.

Favorable characterstics towards success I would say.

(Edited formating)

Re: How Germany is able to run the world’s second largest export economy

#95
post #40

Earlier quoted context omitted.

Except that the EU is an union of unequal countries, so if Germany (which is one of the most powerful, if not the most powerful country in EU) want to keep an industrial edge via a special case in law, they're going to get it.

It's also that Germany has a reputation for being the eco-friendly country, while in fact not really caring about its climate impact from some very important domains : high-carbon electricity, heavy polluting industry.

> high-carbon electricity

https://www.destatis.de/DE/Themen/Branchen-Unternehmen/Energ...

Renewables up 6% in two years, more than compensating for the shut down nuclear power sources. Fossils are shifting to natural gas which (so I've heard) is supposed to be the least bad of them (and fossils' grand total is also going down).

It's not all roses, given our inept politicians, but it's far from horrible.

Re: How Germany is able to run the world’s second largest export economy

#96
post #33

The analysis is incomplete. It does not take services into account. Yes, Germany has a positive trade balance in goods. But the trade balance in services is negative. This ... well ... balances the balances. The UK has shifted its economy from production to services. Hence the negative trade balance for physical products excluding services.

This! Germany's manufacturing supremacy can't last forever with lower cost countries catching up fast. UK realized earlier it can't be competitive in manufacturing anymore. Knowledge work is the future in the West, not volume manufacturing.

The number of "Hidden Champions" (SMEs most often in manufacturing of high tech machinery & components which are world leaders by market share in their respective niche) in Germany speaks to the contrary. Same situation in Japan.

Re: How Germany is able to run the world’s second largest export economy

#98
post #79

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It really does concern me that the world is gripped utterly ignorant and blinded fools, because everyone will end up having to suffer the consequences of the ever increasing pent up real effects you repress. The laws of physics that dominate all of humanity, including politics, do not care that you wish they did not exist.

Re: How Germany is able to run the world’s second largest export economy

#99
post #61
post #55

Earlier quoted context omitted.

Aldi would be considered 3rd world? What do you mean by that? I regularly go to Lidl and Aldi, they are perfectly fine discount stores.

I have to follow this sentiment, the food in Aldi & Lidl is perfect, actually in my country their fresh produce is always more fresh than larger chains.. Always. So the cost does not reflect the standard.

Aldi and Lidl save a lot of cost in the distribution chain by carrying dramatically fewer product lines/SKUs compared to the traditional stores. That means bigger volume discounts for them as a purchaser, less food being thrown away inedible, more ability to focus purchases in a particular subsector on higher margin lines and some efficiency gains at the till, which enables them to maintain a reputation for reasonably good quality. It's quite an interesting business model.

Re: How Germany is able to run the world’s second largest export economy

#100

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Germany is a very new country (1871) and still comprised of markedly different regions. the French German axis has increasingly dominated the EU and driven a strong export culture. As globalization has hit a plateau Germany are now in a tricky position. Many are loathe to admit it but the 'desirable products' Germany produces have a very distinctive Germanic flavor which people identify strongly with the idea of Germany and its people. Consider Jaguar, a car firm strongly identified with Britain and now owned by Indian Tata Steel. They were selling well in China as a 'British' global brand, but when they built Chinese factories sales fell off a cliff, partially due to Chinese people not wanting to buy a 'British' car owned by Indians and built locally. Consider how BMW bought the Mini brand and marketed the car as 'British', with styling cues from Issigonis's original quintessentially English mini. BMW literally plastered Union Jack flags all over it despite it being a German car with a French engine. Buyers care deeply about places and their peoples. Unique identity. Who wants to fly 5000 miles and get off the plane in exactly the same place they just left culturally? The bland out and erradication of cultures is a disaster on multiple levels, not least ability to market differentiation
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