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
How Germany is able to run the world’s second largest export economy
91–100 of 348 posts
Re: How Germany is able to run the world’s second largest export economy
#92Very 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...
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
#93[flagged]
Re: How Germany is able to run the world’s second largest export economy
#94A pretty grandiose claim. Reading the essay, the "understanding" seems little more than the fairly mainstream narrative that the Euro is too weak for Germany and too strong for the EU peripheral. Am I missing something?
Re: How Germany is able to run the world’s second largest export economy
#95Earlier 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.
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
#96The 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.
Re: How Germany is able to run the world’s second largest export economy
#97Re: How Germany is able to run the world’s second largest export economy
#98[flagged]
[flagged]
Re: How Germany is able to run the world’s second largest export economy
#99Earlier 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.
Re: How Germany is able to run the world’s second largest export economy
#100[flagged]