Website review: The Comeback of the German Dinosaur...
laodan discovered this in Economics
•1 reviews since Feb 12, 2008
economics
•spiegel.de/international/business/0,1518,5348...
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laodan discovered 3 months ago- Industry Returns as Economic Engine in Germany in Der Spiegel Online by Christian Reiermann
The comeback of German manufacturing contradicts the notion that the future belongs to the service industry. Manufacturing firms are currently the engines of growth in the German economy, even for the service sector. Industry Returns as Economic Engine in Germany We have been bombarded, these last decades, with a vision of the economy where the service sector is preponderant. I've always had difficulties to accept this model. I always thought that services are "at the service" of real productions, that, real productions are the only activities generating a surplus of buying power for a nation. I never understood how it could be possible to generate a national surplus out of services. Real productions are generating goods that can be sold around the world (material or intellectual goods). Most of the services rendered within a country are due by the companies, the citizens, or the institutions of that country. For sure rendering services generates jobs but where, at a national level, does the bulk of the money come from that pays the services? From financial stratagems that eventually collapse... See Financial models head for scrap heap
- Industry Returns as Economic Engine in Germany in Der Spiegel Online by Christian Reiermann
