Germany’s Trading Secrets

The world’s fourth largest economy is Germany. Being the leader in automobile production, Germany is considered as Europe’s largest economy. This economic leader has been the innovator, driver, and beneficiary of a globalized trading after the age of Industrialization.

Germany has spearheaded great industrial innovations including automobile design and manufacture. Germany’s exports account for more than 30% of the national output. This only shows that most of the manufactured goods and products of Germany go out of the country to the global market. As such, Germany is considered the second largest exporter in the world in 2009, which amounts to $1.17 trillion worth of exported products and merchandise.

Since Germany excels in automobile production and machine tools production, automobiles and machine tools are among its major exports. Ranking third in the world’s largest producers of automobiles, Germany shares some of the world’s automobile market with the United States and Japan.

The main exports of Germany aside from automobiles and machine tools include motor vehicle trailers, semi trailers, chemicals, electrical machinery, and chemical products. While Germany trades with other countries in the world, its top trading partners are its European neighbors. These countries contribute to two-thirds of Germany’s total trade share.

The World Trade Organization (WTO) of which Germany is a member of, cited Germany as the world’s top exporter in 2005. This is the consequence to their largest world market share in machine tools in 2004. Germany’s market success is due to the fact that products with a Made in Germany seal guarantees quality. Most consumers do not hesitate making their purchases if products are made in Germany. Thus, German goods and merchandise do well in the global market.

Aside from these, Germany also is the leader of mechanical engineering. For this reason, Germany holds about 20% of the world market on products related to mechanical engineering. These products include electronics, goods, chemicals, vehicles, optics, machinery, and ship building.

Some of Germany’s export destinations include European countries, China, Japan, South Africa, Australia, South Korea, Brazil, Canada, and the United States. Correspondingly, these countries import their products to Germany too. Recently, Germany has tightened its trading with one of the fastest growing economies of Asia, China. Some imports to Germany include minerals, precious gems, and agricultural products.

Despite Germany’s top ranking positions in the export and import ventures, its economy is one of the slow-growing economies in the Euro zone. Compared to its European neighbors, the rate at which the economy of Germany is growing is relatively slow, considering the fact that it is one of the world’s largest traders. Experts attribute this to Germany’s aging population, and to its high unemployment rate. With these challenges at hand, Germany cannot really totally soar forward economically.

The History of Dortmund, Germany

The Dortmund, Germany history is way back the 880 A.D. The city has been first mentioned as Throtmanni in the official documents. It was just a small rural community at that date. It was in year 1152, when Emperor Barbarossa visits the area and reconstructed the town that has been destroyed before by fire. Barbarossa stayed in the town of Dortmund for about two years that made it to become a very powerful town of the realm.

The city has become a part of the Hanseatic League during the 13th century. It has achieved the status of being a colonial free city in the 1220. Specifically, it was openly subordinated to the ruler. The trading system of the city has become more progressive and after 1320 it has became Dorpmunde. However, it was lost the status of being a colonial free city by year 1803. Subsequent to the Napoleonic wars, the town was integrated into Prussia and has become the main center for steel and coal. At some stage in World War II, the town beside the neighboring cities has been the target for the raids through allied bombing. Many structures and houses have been destroyed by the assault and about 98% in the inner city lay in wreckage. Dortmund Germany have 500,000 residents and based from the current reports, the reconstruction of the inner town will not be the first to consider but the reconstruction of the city in 1950 has been made fast.

The construction of the hall of Westfalia is completely furnished in year 1952. In 1955, the population of the town has increased to 600,000. In 1957, the historical churches of Dortmund have been reconstructed.

In year 1980, the trading for the steel and coal in Dortmund, Germany has declined and it causes to have a serious unemployment but in year 1990 over 3/5 of the population has been employed for the service division. Furthermore, Dortmund is known as the biggest city in Ruhr. With the order of Kaiser Willhelm II, the canal of Dortmund-Ems and Dortmund Harbour was officially opened. The Ruhr River that is situated along the north is 145 miles and 233 kilometers long. It rises to the hills in Central Germany and had generally flows to the west of the Rhine River in Duisburg. The principal cities of the Ruhr are located in West part where the deposits of coal, especially the first class cooking coal are made. By means of Rhine River, many raw materials have been imported to this region. The development of the district of Ruhr has started at the period of 19th century.

Surviving the Economic Crisis – Is Job Sharing an Answer to Rising Unemployment?

Job sharing, or worksharing, is a simple idea, but it can cause a major re-thinking of work roles. With job sharing, two or more people share a single job. For instance, Anita may work at a job in the morning and Carlos may take over the same job in the afternoon. Job sharing is popular with couples, enabling a husband and wife to each work half a day while taking turns with housekeeping and child-rearing responsibilities at home.

Job sharing may provide considerable flexibility for both workers and organizations. In the last recession, Motorola wanted to cut production at its 9,000-employee Phoenix plant without laying off workers. Layoffs would have created hardships for many employees. They also would have meant high costs for training and recall when it was time to resume full production. Motorola chose job sharing as its approach for cutting production. In so doing, it cut costs by $1.5 million and saved more than a thousand jobs.

This may become the newest trend during the current economic downturn, considering it makes economic sense that its better someone works, rather then becomes a burden on States that can ill afford to support that person through unemployment assistance. A question that may seem irrelevant today, but in the coming years, a challenge to even the most liberal minded thinkers, faced with the socioeconomic problems linked with high unemployment, and falling tax revenues.

If we really look at this concept, that its better to have someone working and not being dependent on the state, whilst they may not pay much in tax, at least they do not need to take from the depleted mountain of Government funds. One country this would work in is Germany, were disguised unemployment levels actually have reached unacceptable levels, and depleted the Governments funds so much, that free enterprise was throttled with taxes. A recipe that created, a nation that punished business, encouraged dependency on the state, and made key industries outsource, rather than invest in their own Country.

The German example of bad economic Management, should be considered a warning to States that face high unemployment levels, but are unwilling or reluctant to implement new ideas to a permanent problem, that will not go away.

Job Sharing may not please employees, but if the option is unemployment then the majority of people mostly will accept the idea of sharing their job, rather than become part of a growing underclass of unemployed.

(The Surviving the Economic Crisis; is a series of articles dealing with the New economic changes we face after the October 2008 crash, and deals with ways we could adjust to and survive these changes)