International Trade in Germany

Paper Summary:

This paper presents an overview on Germany's international trade activity. The paper maintains that Germany is one of the most powerful states in the world at the present time. It points out that due to its technologically powerful economy, Germany is the fifth largest economy in the world, and economic statistics show a maintaining similar position for the following years. The paper discusses Germany's trade relationships with the United states, as well as countries throughout Europe and Asia. The paper concludes that Germany's continuous modernization process ensures the country's success in international trade activity.

From the Paper:

"However, Germany managed to make a comeback in 2006 due to implementing a series of labor market reforms. These reforms started to be implemented during the former government that was ruled by Chancellor Gerhard Schroeder. The implementation of these reforms continues during the current government ruled by Chancellor Angela Merkel, but they are supported by other reforms of measures initiated recently. As a consequence, 2006 brought a reduced budget deficit within the European Union's 3% debt limit. Unemployment was reduced to 7%. The overall economic growth in 2006 was of 2.2%."

Sample of Sources Used:

• Annual Report (2007). A Summary of Trade Developments in 2006-2007. World Trade Organization. Retrieved October 31, 2007 from http://www.wto.org/english/res_e/reser_e/annual_report_e.htm.
• Germany (2007). Central Intelligence Agency. The World Factbook. Retrieved October 31, 2007 from https://www.cia.gov/library/publications/the-world-factbook/geos/gm.html#Econ.
• BDI Foreign Economic Report (2007). German exports still strong. BDI Globalization, Markets and Trade. Issue No. 3. Retrieved October 31, 2007 from http://www.bdi-online.de/.../PDF/Foreign%20Economic%20Report%203-07%20-%20German%20exports%20still%20strong.PDF.
• Outlook Mixed for Germany's Growth Forecast (2007). Deutsch Welle online. Retrieved October 31, 2007 from http://www.dw-world.de/dw/article/0,2144,2846742,00.html.
• Economy of Germany (2007). Wikipedia, the free encyclopedia. Retrieved October 31, 2007 from http://en.wikipedia.org/wiki/Economy_of_Germany#Trade.

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