3 ms·
Germany is one of the few countries that has kept a manufacturing base and a manufacturing based workforce.
by sheepmullet 10y ago
Germany is one of the few countries that has kept a manufacturing base and a manufacturing based workforce.
- tpolm 10y agoBecause Germany has protectionist tariffs similar to those Trump wants to implement. E.g it is not cheaper to outsource plants to Mexico and import BMW back to Germany.
- DaUR 10y agoPartly because the German currency is severely undervalued for its economy (because it's held down by the other eurozone countries), favoring exports. In a sense, the other eurozone countries are subsidizing German exports. If the euro went away, and Germany switched back to the Mark, exports would be corrected downwards, and jobs would leave since Made in Germany wouldn't be profitable anymore.