The German Economy

Paper Summary:

This paper explains that the present German economy is a result of the 1990 merger between the dominant economy of the Federal Republic of Germany (West Germany) and the German Democratic Republic (East Germany). The author points out that this merger produced a massive economic entity, which is now the focal point of Europe as a production, transportation and communications center. The paper then describes the many different elements each partner brought into the economy. The author concludes that the German economy since unification has exceeded everyone's expectations, which symbolizes the power of democratization and that even a country like Germany with its violent and bloody past can overcome all obstacles and transform itself into a global economic superpower.

From the Paper:

"As one of Europe's greatest exporters, Germany was the world's largest in 1988, second only to the United States in 1989 and again in 1990. After unification, Germany's trade surplus shrank for several years, yet West Germany had shown a dramatically high trade surplus during the late 1980's and into the early 1990's, reaching almost $80 billion U.S. dollars in 1988; by 1991, a united Germany showed a much lower surplus. As of 1999, exports reached $610 billion, made up of machinery, vehicles, chemicals, metals, foodstuffs and textiles."

Sample of Sources Used:

• "Economy of Germany." Answers.com. Wikipedia. Internet. Accessed June 20, 2005.http://www.answers.com/topic/economy-of-germany.
• "Economy of Germany." EconomyWatch.com. Internet. 2005. Accessed June 20, 2005. http://www.economywatch.com/world_economy/germany.
• Tatyana, Gordeeva. "German Economy." German Culture. Internet. 2004. Accessed June 20, 2005. http://www.germanculture.com.ua/bl_economy.htm.
• "The German Economy." Abacci Atlas. Highbeam Research. Internet. 2005. Accessed June 20, 2005. Http://www.abacci.com/atlas/economy3.asp?countryID=203.

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