Germany 2


Germany is located in Central Europe. It borders the Baltic Sea and the
North Sea. It is between the Netherlands and Poland, south of Denmark. It is
slightly smaller than Montana.
Germany’s economy was the world’s third most powerful in 1997. The
German economy benefited from robust exports, particularly to other members of
the EU and the US, as well as strengthening equipment investments. But anemic
private consumption and contraction in the construction industry limited the
expansion. Unemployment continued to set post-war monthly records through
the end of 1997 and averaged 4.3 million for the year. In preparation for the first
of January 1999, the start of the European Monetary Union, ...

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manufacturing facilities in foreign countries rather than in
Germany, to be closer to the markets, and to avoid Germany’s high tax rates,
high wage cost, rigid labor structures, and extensive regulations. For similar
reasons foreign investment in Germany has been lagging for years.
Germany is one of the world’s leading industrial nations. Western
Germany is among the world’s largest and technologically advanced producers
of iron, steel, coal, cement, chemicals, machinery, vehicles, machine tools, and
electronics. Eastern Germany’s industries are metal fabrication, chemicals,
brown coal, shipbuilding, machine building, textiles, and petroleum refining.
Industry employs around 41 percent of the German work force. Germany’s
biggest industry is vehicles because of luxury cars such as the BMW,
Mercedes-Benz, and Porsche, but you can’t forget the VW Beetle.
German exports value at 521.1 billion dollars. Manufacturing, such as
machines and machine tools, chemicals, motor ...

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PAPER DETAILS
Added: 8/1/2006 05:27:47 PM
Category: World History
Words: 996
Pages: 4

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