Will Germany Transform Itself? Does it Want To?

By Trader Mark
30 June 2009 @ 02:24 pm EDT

A little known fact is that Germany, not China (or the U.S.) is the world's largest merchandise exporter. [May 21, 2008: Who is the World's Largest Merchandise Exporter? Not China. Or the US]Thankfully the US still has its agriculture (a massive export) - can't outsource US land, although I'm sure some capitalist is thinking of a way ;) Amazingly, even when we throw foodstuffs back in, as a % of GDP the US (who I assumed was perhaps #4 in the world at worst) is behind not only the big 3 but the UK and France. Of course part of that is the size of the domestic economy i.e. while we have 3 times the size versus the Germany economy, our absolute export figures are about equal. 

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