How Germany is able to run the world’s second largest export economy
What is often overlooked is this: Germany was export-oriented before the Euro, during the transition and with the Euro. Germany was export-oriented before reunification, during reunification and after reunification.<p>The industry will adopt to those external factors: Germany was &#x27;Exportweltmeister&#x27; with the super strong DM (which dominated European currencies) and it is a leading export nation with the Euro.<p>There are a lot more factors that support the German model. For example Germany is not a centralized economy (like the UK or France, which are grouped around London and Paris). Thus lots of federal states and cities have strong economies: Munich, Hamburg, Düsseldorf, Frankfurt, Berlin, ...<p>The extreme angle is the concept of &#x27;unknown medium-sized world market leaders&#x27; - so-called hidden champions. Germany probably has almost 50% of all hidden champions world-wide:<p><a href="https:&#x2F;&#x2F;www.forbes.com&#x2F;sites&#x2F;rainerzitelmann&#x2F;2019&#x2F;07&#x2F;15&#x2F;the-leadership-secrets-of-the-hidden-champions&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.forbes.com&#x2F;sites&#x2F;rainerzitelmann&#x2F;2019&#x2F;07&#x2F;15&#x2F;the-...</a><p>You&#x27;ll find many of these companies in rural regions.<p>Many of these companies are export-oriented, based on a long tradition and they don&#x27;t care what the current currency in Germany is.