1. How Germany Became the China of Europe.
- Author
-
Schuman, Michael and Himmelreich, Claudia
- Subjects
ECONOMIC development ,INTERNATIONAL trade ,EXPORTERS ,INDUSTRIES & economics ,SMALL business ,FAMILY-owned business enterprises ,GERMAN economy, 1990- ,ECONOMICS - Abstract
The article discusses Germany's economic emergence as one of the world's leading exporters. An overview of Germany's power-tool manufacturer Stihl, which according to the author, defines how Germany resurrected its economy, is presented. Topics include how small, family-owned enterprises, such as Stihl, form the backbone of German manufacturing, what the U.S. can learn from Germany's economic resurgence, and how Germany's revival has reversed its global economic role from a country with chronic unemployment and low economic growth to a dominant economic power.
- Published
- 2011