Like Kuban. But what made Europe’s stalwart such a manufacturing success story? It also explains why Germany’s industrial base hasn’t been decimated, as America’s has. The U.S. has the world’s most sophisticated system of financing radical ideas, and the results have been impressive, from Google to Facebook to Twitter. Deutschland Edition: download the magazine as an e-paper – and enjoy 56 pages on Germany and Europe free. Science and technology in Germany have been very significant and research and development efforts form an integral part of the country's economy. It’s to sustain productivity and employment growth in order to ensure real income expansion. German is easy to acquire Why is Germany so efficient? Germany innovates in order to empower workers and improve their productivity; the U.S. focuses on technologies that reduce or eliminate the need to hire those pesky wage-seeking human beings. Americans need to recognize that the purpose of innovation isn’t to produce wildly popular internet services. Germany is just as good as the U.S. in the most radical technologies. More than 1,000 of these companies are so-called hidden champions, i.e. Some German cars can be at the forefront of modern technology, others can be lagging behind a little bit. Harvard Business Publishing is an affiliate of Harvard Business School. As a consequence, Germany doesn’t only seek to form new industries, it also infuses its existing industries with new ideas and technologies. Together with China and the USA, Germany is one of the three largest exporting nations. Work Opportunities For International Students. The trees and hills makes your aiming unpredictable making you go close quarters. As an economic … Germany does a better job on innovation in areas as diverse as sustainable energy systems, molecular biotech, lasers, and experimental software engineering. The strongest sectors are vehicle construction, electrical industry, engineering and chemical industry. Since I so often ask myself, "why is Germany so popular? The foreign trade quota is currently 84.4 per cent – that’s the sum of imports and exports in relation to GDP. Even with wages and benefits that are higher than those in the U.S. by 66%, manufacturing in Germany employed 22% of the workforce and contributed 21% of GDP in 2010. There's nothing new about hackers breaking into systems, or fraudulent acts, like identity theft and piracy, in the cyberspace. In June 2018 the number of unemployed people totalled 2.2 million. We roasted French, so now it's time for the German language to have its turn. Knowledge of German therefore offers you extended access to information. What’s more important, Germany is better at adapting inventions to industry and spreading them throughout the business sector. Excerpt: Consumer Reports have been carrying out long-term reliability tests since 1972 and once placed Mercedes as number one for reliability. How is it possible that Germany could export so much when their products are not that cheap? An American PhD student in computer science never even thinks about a career in the automobile industry — or, for that matter, other manufacturing-related fields. Starting from future employability to the emotional joy, there are countless reasons why learning German is very beneficial to you. Some Germans are also worried about this. Now that we are maxed out on stereotypes, let’s face it: out of the available languages in the world, German is not an obvious choice. In June 2018 the number of unemployed people totalled 2.2 million. For example, many, if not most, of the Chinese products we buy every day are produced by German-made machinery, and the companies that make them are thriving. Studying in Germany – the right choice for you! Even the reputation of the British was once very good (and in some specialist areas such as space technology, it still is). But the fairy tale that the U.S. is better at radical innovation than other countries has been shown in repeated studies to be untrue. So whether you are still on the fence about giving the language a try or if you are already a student of German and looking for reassurance that you are not wasting your time, read on to find out why learning German is a good idea. In 2017 Germany exported goods worth 1,278.9 billion euros. The most important economic centres in Germany are the metropolitan regions of Munich (high tech), Stuttgart (vehicle construction), Rhine-Neckar (chemicals, IT), Frankfurt am Main (finance) and Hamburg (port, aircraft construction, media). The truth is: Germany wins hands down. Europe - why is German coffee so good? When it comes to adapting groundbreaking new technology like blockchain, IoT as well as big data, Germany covers more than one-fourth of the European market. In other words, companies with an annual turnover of less than 50 million euros and less than 500 employees. In Germany the share of industry in gross value added is 22.9 per cent, making it the highest among the G7 countries. Technology companies in India have driven growth, created jobs, increased access to resources, education and healthcare, resulting in falling poverty levels and improved lifestyles. Combine this with an excellent work ethic, and the result was some of the greatest inventions ever seen on Earth. 1. The. If at all there is something to be worried about, it… Speech Rate Conversion Technology. The ad campaign works because people associate German design and manufacturing with qual For years, Audi advertisements have used the slogan “Vorsprung durch Technik.” Only a fraction of the millions who have read or heard the words know what they mean (“Progress through technology… In June 2018 the number of unemployed people totalled 2.2 million. Germany has been one of the fastest-growing markets for technology and the IT industry. We need to think about skills training as a lifelong endeavor, with workers across the spectrum of education being taught how to use new technologies to increase productivity. In comparison, the USA quota is 26.7 per cent. In the U.S., by contrast, fewer and fewer people are employed in middle-class manufacturing jobs. Make more money. German high-tech is in demand, not only in China. The discovery of oil in the North Sea forced the price of the pound up, because everyone wanted to buy oil from us, and needed to buy pounds in order to do so. 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