COUNTRY STUDY OF GERMANY

Germany is a nation of 80.3 million people. Per capita gross national product is US24,650, gross domestic product is US$1.8 trillion. Growth domestic product growth in Germany is compared with that in three other European Community countries-- France, Italy, and the United Kingdom--in Exhibit 1 which may be found on the following page.

Germany's international trade balance is traditionally in the black. Exports typically exceed imports by approximately five-percent. Germany's principal export and import partners rank as follows:

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urrency units, and a gain of 30 percent when measured in US$. 3. The index posted a gain of 40.3 percent over the most recent 12-month period reported. Labor Wages A major labor-related problem for industries moving into Germany is the fact that Germans by and large are unwilling to accept jobs in industries where the wages are relatively low and the working conditions poor by German standards. Multinational corporations looking to foreign locations for low-cost labor, therefore, should avoid Germany. Unemployment, however, is high in relation to traditional post-war German standards. Therefore, labor wage rate increases have been moderate. Labor stability is higher in Germany than in the United States. The turnover rate in German manufacturing firms is quite low. Industrial activity employs 43 percent of Germany's workforce, while 54 percent are employed in the service sector of the nation's economy, and the remaining three-percent are employed in agriculture. German workers are among the best educated, best trained, and most productive to be found anywhere in the world. Strength of Organized Labor Strong industrial unionization and legislation in Germany create job protection and security for
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Approximate Word count = 1882
Approximate Pages = 8 (250 words per page)

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