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The economy of Germany is a highly developed social market economy. [24] It has the largest national economy in Europe, the third-largest by nominal GDP in the world, and the sixth-largest by PPP-adjusted GDP. Due to a volatile currency exchange rate, Germany's GDP as measured in dollars fluctuates
The Political Economy of Germany in the Twentieth Century (U of California Press, 2020). Henderson, William O. The State and the Industrial Revolution in Prussia, 1740-1870 (1958) Holborn, Hajo. A History of Modern Germany (3 vol 1959–64); vol 1: The Reformation; vol 2: 1648–1840; vol 3. 1840–1945; James, Harold.
Now, Germany is the world’s worst-performing major developed economy, with both the International Monetary Fund and European Union expecting it to shrink this year.
Industrialization in Germany was the phase of the breakthrough of industrialization in Germany, beginning at the time from around 1815 to 1835. [ 1 ] [ 2 ] This period was preceded by the periods of pre-industrialization and early industrialization.
Understanding the scale of Germany’s challenges requires a careful look at its strengths, or more appropriately, how it built them. Manufacturing makes up 18.4% of Germany’s economy.
Germany suffers “from a bundle of individual problems,” rather than one major ailment, according to Stefan Kooths, research director at the Kiehl Institute for the World Economy.
By 1900, Germany was the dominant power on the European continent and its rapidly expanding industry had surpassed Britain's while provoking it in a naval arms race. Germany led the Central Powers in World War I, but was defeated, partly occupied, forced to pay war reparations, and stripped of its colonies and significant territory along its ...
Matthew Qvortrup described the book in Prospect as a "well-argued case" to learn from Germany. [6] Oliver Moody of The Times described the book as an "impeccably fair guide" to Germany. [7] Anne McElvoy for The Observer said the book was an "even-handed hymn to Germany" that "underlines why Britain will need its help in a post-Brexit world". [8]