Germany, the unemployment rate lower than the U.S., and increased GDP growth, is a model of how to manage a thriving economy.
Germany's success is based on its manufacturing base. The production represents about 25 percent of the German economy in comparison to only 11 percent in the United States. extended when the U.S. financial sector and the United Kingdom at a cost of production of goods, Germany has managed to stay the course. The results were phenomenal.
Germany is the second in a € of China's trade balance, which is especially remarkable when one considers that Germany has a population of 82 million dollars. Germany is able to put through an intensive production system of capital and knowledge to achieve efficiency stressed.
German SMEs are the key to effectiveness. SMEs are small, family businesses and medium-sized manufacturing. These are highly qualified middle school through vocational training in Germany, and this terrible workers tend to remain in the same company for decades. Have a banking system, a maintenance of time and not to engage in speculative behavior is affected risk.
"What we have here is part of capitalism, not shareholder value," said former lawmaker and businessman Klaas Hübner. This small production company should not worry about shareholders, and can focus on long-term growth and development. German firms in the securities markets, such as BMW will continue to invest in national list to guarantee their future profits.
While other UN programs when unemployment Great Depression hit Germany a new approach called short-term work, where the government pays a portion of the wage gap if the company reduced its full-time employees and no part-time tried to dismiss.
There are several lessons to emulate America and our struggling economy. The most important thing is that the producer is to achieve high growth and wages, and push the effort in this country in this regard through the reform of trade agreements, education and our banking system should be done.
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