barryqwalsh
Gold Member
- Sep 30, 2014
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As a share of its economy, Germany’s manufacturing sector is twice the size of Britain’s – 23% of national GDP, compared with 11%, according to the World Bank. Unlike Britain, it runs a large surplus on trade in goods. The German steel industry has not buckled under the pressure of dumping by China.
So what’s the secret? How can high-cost, high-tax Germany thrive as an industrial superpower while Britain has seen the progressive hollowing-out of its manufacturing base?
The UK could learn a lot from Germany’s long-term industrial strategy
So what’s the secret? How can high-cost, high-tax Germany thrive as an industrial superpower while Britain has seen the progressive hollowing-out of its manufacturing base?
The UK could learn a lot from Germany’s long-term industrial strategy