The economy of Germany

The economy of Germany

The economy of Germany is known to be a developed social market economy as its one of the largest national economy in Europe, the fourth-largest by nominal GDP in the world, and fifth by GDP (PPP). Geemany is well known for automobile productions like Volkswagen, Audi, BMW and Mercedes-Benz ( Blatt, 2017 ). Germany is a democratic nations that uses federal republic and a

Representative democracy. German public education is of high quality and qualified kids go for further study in the university level,as the government pays for financiers for sponsorship students. Americans are capitalist and socialist and focus on retail , technology, pharmaceuticals, aerospace and petroleum/gas resources. As Germans have strongest sectors which ar vehicle construction, electrical industry, engineering and chemical industry. The American social and education aspects is dynamic and diverse. The vast cultures in food ,and language is high in the U.S than in Germany. For German children aged three to six, go to kindergarten and it is compulsory for nine to ten years. German educational system involve Hauptschule ( less academic students), Realschule which is for intermediary students and Gymnasium ( academic students) lastly Gesamtschule which is the comprehensive school. Moreover, Germany had common social class that is organized based on income and wealth. The classes are upper class (royal families and politicans), middle class, and lower classes. German law is mainly codal in nature and constitutional. There are three main legal systems, which are Civil, Common and Religious which give citizens chance to be heard and represented. Communication is esential for companies inorder to interact with international business. It is necessary to have bilingual education so that one can learn other people languages, cultures and way of doing business ( Tenzer et al., 2017 ).

References

BLATT, B. (2017). Research of the German Automotive Industry. Latgale National Economy Research, 14.

Tenzer, H., Terjesen, S., & Harzing, A. W. (2017). Language in international business: A review and agenda for future research. Management International Review, 57(6), 815-854.

Response

ELIZABETH HERNANDEZ

Great post Elizabeth, I agree with you that China is one of the best econimic and social competitors of the US as they are known for their technological advancement, innovations , manufacturing and engineering. The world knows China to be good in constructions as they are involved in many continental develipment in Africa, Asia and Europe. Americans are socialists like Chinese but free market aspect puts the US on the map as a diverse nation to do business. The culture of china is strict as as well as their many religious beliefs and values therefore they are traditional compare to new American cultures. Chinese language is harder to learn comapred to English which is an international language.