Country Report
GERMANY
By: Arun Sareen
Content
Content 2 1. Introduction: Germany at a glance 3
Graph 1.1: World’s largest economies by GDP 3
Graph 1.2: Key economic indicators in Germany since 2000 4 2. Germany’s economy in the lead up to the crisis 4
Table 2.1: Economic data since unification of Germany 5 3. Impact of the crisis in Germany 6
Graph 3.1: Exports in German compared to largest global exporters since 2000 7
Graph 3.2: Germany vs US employment data 8 4. Recovery of the German economy 8 5. Conclusion 9 6. References 10
Introduction: Germany at a glance
Germany is a major economic and political force within Europe, and a founding member of the European Union (EU) since 1993. With a
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(billions) | % of GDP | Euro(billions) | % of GDP | 1991 | 5.0 | 3.5 | 6.2 | 5.5 | -24.3 | -1.3 | -47.5 | -3.1 | 1992 | 1.5 | 5.0 | -0.6 | 6.6 | -22.7 | -1.1 | -40.7 | -2.5 | 1993 | -1.0 | 4.5 | -6.0 | 7.8 | -19.0 | -0.9 | -26.9 | -1.5 | 1994 | 2.5 | 2.7 | 8.1 | 8.4 | -30.5 | -1.4 | -27.7 | -1.5 | 1995 | 1.8 | 1.7 | 6.5 | 8.2 | -29.6 | -1.2 | -50.8 | -2.7 | 1996 | 0.8 | 1.2 | 6.4 | 8.9 | -14.0 | -0.6 | -34.6 | -1.8 | 1997 | 1.8 | 1.5 | 11.5 | 9.7 | -10.0 | -0.5 | -30.5 | -1.6 | 1998 | 1.7 | 0.6 | 7.6 | 9.4 | -16.3 | -0.7 | -36.3 | -1.8 | 1999 | 1.7 | 0.6 | 5.8 | 8.6 | -27.6 | -1.3 | -30.8 | -1.5 | 2000 | 3.3 | 1.4 | 13.2 | 8.0 | -32.8 | -1.7 | -36.9 | -1.8 | 2001 | 1.6 | 1.9 | 6.4 | 7.9 | 0.0 | 0.0 | -62.0 | -3.0 | 2002 | 0.0 | 1.3 | 4.2 | 8.7 | 40.3 | 2.0 | -67.8 | -3.2 | 2003 | -0.4 | 1.0 | 2.5 | 9.8 | 45.8 | 1.9 | -68.7 | -3.2 | 2004 | 0.7 | 1.8 | 10.7 | 10.5 | 127.3 | 4.7 | -76.1 | -3.4 | 2005 | 0.8 | 1.9 | 7.7 | 11.3 | 140.3 | 5.1 | -60.9 | -2.7 | 2006 | 3.9 | 1.8 | 13.1 | 10.2 | 181.7 | 6.3 | -51.6 | -2.3 | 2007 | 3.4 | 2.3 | 8.0 | 8.7 | 248.0 | 7.5 | -25.2 | -1.1 | 2008 | 0.8 | 2.7 | 2.8 | 7.5 | 226.1 | 6.2 | -24.6 | -1.0 | 2009 | -5.1 | 0.2 | -13.0 | 7.8 | 196.0 | 5.9 | -27.5 | -1.1 | 2010 | 3.9 | 1.2 | 15.2 | 7.1 | 211.4 | 6.4 | -65.3 | -2.6 | 2011 | 3.4 | 2.5 | 8.0 | 6.0 | 248.3 | 6.8 | -30.6 | -1.2 | 2012 | 0.9 | 2.1 | 3.2 | 5.5 | 255.3 | 7.4 | -3.1 | -0.1 | 2013 | 0.5 | 1.6 | 0.8 | 5.3 | 273.5 | 7.5 | 15.2 | 0.6 |
“Sinners in the Hands of an Angry God” is a sermon delivered by the Puritan preacher Jonathan Edwards during the Great Awakening, a period of religious revival. The sermon is intended to restore religious convictions of the Puritans, which he felt was weakening, for people in the congregation. Edwards’ purpose in the sermon is to impress upon his audience the urgency of redemption from sin in order to persuade sinners to repent and obtain salvation. Through the effective use of ethos and metaphors, Edwards hopes to awaken fear and inspire faith in the Puritan congregation.
Germany is a country in Central Europe that borders the Baltic Sea and the North Sea. It is located between Poland and the Netherlands. Germany is a dominant country in Europe, and is one of the most well known countries around the world. The country is known for the Berlin Wall that provided the separation between West and East Germany. It was not until the end of the Cold War in Europe that the Berlin Wall was torn down by the people of both West and East Germany. Although the Berlin Wall is a huge part of Germany’s history, most people know about the conflicts Germany has with many other countries, and some would assume Germany is not a dominant country in the world. The country was a part of two world wars, and was a part of the Axis powers.
Germany greatly benefits from its location, in the fore-front of central Europe. It holds control of all European countries, strategically, and has access to parts of Africa, and Asia, not commonly enjoyed by other countries. Germans are possess a youth and
Following the worldwide economic crisis in the 1930’s, Germany was hit hard due to weak government and repercussions of World War One. In power of the Reichstag leader, Paul von Hindenburg, unemployment fell down, and the German economy was especially vulnerable since it was built upon foreign money and was very dependent on foreign
Germany is an excellent country to expand new products and services into as it is located in the heart of Europe, following a constitutional monarchy with a parliamentary government and a Prime Minister which has the power to appoint and remove ministers. As a member of the G8, Germany contributes significantly to the world 's economy. The Gross Domestic Product in Germany was valued at USD $3634.82 billion in 2013 which is equivalent to 5.86% of the world’s economy. In Germany, more than 95% of the population speaks German as their first language.
Germany, a country rich in culture and heritage, yet plagued by the fallout of World War I and World War II, has progressed to become the centerpiece of the European Union and the world’s third richest economy. The first German Empire dates back to the Roman Empire starting in the 8th century AD. During the Middle Ages the German Empire fended off many attacks against their soil from the Hungarians and the Slavs. Fighting and power struggles continued until the 1400’s, when the modern world gradually came into existence with intellectual, economic and political changes.
And, after examining the likely results of this globalization on the three most important aspects of a nation’s responsibilities – the social, economic, and political spheres – we will find that it is, indeed, to Germany’s advantage to continue to be involved with and integrated into the European Union.
Germany has quite an interesting (and difficult) economic development history from World War II and the Nazis into the modern EU power house it is today. Problems set into place by poor government management and an effects of war such as price controls and inflation set by Hitler in 1936 left the German economy in shambles after World War II (Henderson). These policies were typical during war times (also done by the United States and the United Kingdom), but had detrimental effects on the population. The end result was a currency that was almost worthless, there was a mass shortage of goods because the suppliers did not find it worth their time to produce when they face price controls that keep their products
Germany is situated in the Western Europe and they are well known for their economic and political power. They are one of the super power of the world and they ranked 8th in terms of global army power. (Globalfirepowercom, 2016). According to the world fact book, the population of Germany is almost 81 million as of July 2015. Most of the people of Germany lives in the urban area. So, doing business in Germany is very profitable yet very challenging.
Marijuana, also known as cannabis, has been deemed an unacceptable and illegal substance in Canada, as well as in many other nations. It is a drug which can alter an individual’s sense of perception and distort one’s senses, and may become addictive if used repeatedly. Although marijuana is looked down upon in society when used for recreational purposes, it serves several beneficial purposes in the medical field. The legalization of marijuana is a prominent growing issue in several Canadian provinces, as it is allegedly believed to benefit the Canadian economy and decrease crime rates if it is legalized and regulated properly. The government spends millions of dollars to enforce new rules and regulation to control the use and trafficking
The Federal Republic of Germany is a country located in north-central Europe and the seventh largest country in Europe. The country lies at the center of Europe and shares more borders with other countries than any other in Europe. The capital city is Berlin, which is over 775 years old and is the most populated city in the country. Before the nation of Germany formed, it was the capital of Prussia, that later developed into the Federal Republic of Germany. The country borders not only other countries, but also the Baltic Sea to the north-west and the North Sea to the northeast. The landscape is diverse and ranges from flat plains utilized for farming to mountains enjoyed for skiing. The land of Germany has over 300 lakes and rivers that
Germany is seen as the economic leader of the 17-nation eurozone. Berlin has had a considerably better public debt and fiscal deficit relative to the gross domestic product (GDP) of the most affected eurozone members. The Chancellor of Germany, Angela Merkel, insisted on ‘austerity’ by the affected states, especially worst-case Greece, rather than ‘bailout’ with external help. Thus, resulting in a polarized euro-opinion divided between the ‘austerity’ school and the more populist ‘growth’/bailout school. Germany’s action will be key to both the eurozone’s and the euro’s survival. She [Angela Merkel] rejected renegotiations of a fiscal pact on Europe’s belt-tightening, yet seemed open to talks on growth in a CNBC interview. She said,
Germany is Europe 's most industrialized and crowded nation. Renowned worldwide for its mechanical accomplishments, it has additionally delivered some of Europe 's most praised arrangers, logicians and artists. Germany is Europe 's leading economy and second supreme populated country (afterward Russia), Germany is a key member of the continents economic, political, and defense organizations. Accomplishing national solidarity later than other European countries, Germany rapidly got up to speed financially and militarily, before thrashings in World War I and II left the nation broke, confronting the troublesome legacy of Nazism, and partitioned between Europe 's Cold War alliances.
Germany borders various different countries. German land spans across 138,000 square miles KidPort. (2012) describes Germany as one of the major Industrial and economic powers in Europe. It describes it as having many rolling plains which make good farm land. They also state that “Almost 80% of the German people live in cities or towns..” Mexico is bordered by the United States to the north and multiple countries to the southeast. Mexico has been described as having a “highly varied topography that consists of rugged mountains with high elevations, deserts, high plateaus and low coastal plains.” The earliest settlements in Mexico were those of the Olmec, Maya, Toltec and Aztec. These settlers developed various types of modernized civilisation long before european settlement.
Germany is part of the Eurozone consisting of 19 states of the European Union, which also includes Austria, Estonia, Cyprus, Portugal, Belgium, Malta, Netherlands, Italy, Ireland, Greece, Luxembourg, France, Slovakia, Spain, Slovenia, Lithuania, Latvia and Finland. The official currency of the Eurozone is the Euro which is issued through the European Central Bank. (Wikipedia, 2017) In 2002 all the old currencies of the states of the Eurozone were discontinued and today the Euro is rated as a major reserve currency along with the Japanese Yen, US Dollar, British Pound and Swiss Franc. (Oanda, 2017)