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Export champion and Bazaar economy? How Germany is coping with globalization

Export champion and Bazaar economy? How Germany is coping with globalization. 13 September 2006 7TH OECD INTERNATIONAL TRADE STATISTICS EXPERT MEETING (ITS) Dr. Claudia Wörmann. Germany in international competition. Export Export quota 2005: 40 % (1990: 25 %) engineering: 75 %

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Export champion and Bazaar economy? How Germany is coping with globalization

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  1. Export champion and Bazaar economy? How Germany is coping with globalization 13 September 2006 7TH OECD INTERNATIONAL TRADE STATISTICS EXPERT MEETING (ITS) Dr. Claudia Wörmann

  2. Germany in international competition • Export • Export quota 2005: 40 % (1990: 25 %) • engineering: 75 % • automotive industry: 70 % • chemical industry: 70 % • International sales • DAX-30 74 % • German Mittelstand: • Herrenknecht: 92 % • Kässbohrer: 95 %

  3. Germany in international competition • Internationalization strategies • Cost reduction / rationalization • Relocation • Reorganization of the value chain • Complementary production

  4. Germany in international competition • German economic trends • Germany’s industrial production base is declining • “Made in Germany” is no longer originally produced in Germany • Transformation from a production site into a commercial hub

  5. Bazaar economy: Statistical evidence and indications • industrial share in the economic value added: 1991: 25 % ↓ 2004: 21 % • vertical integration 1991: 39 % ↓ 2004: 34 % • foreign share of intermediate inputs 1995: 20 % ↑ 2000: 26 % • import share of exports 1991: 26 % ↑ 2005: 42 % • engineering: 30.9 % • chemical industry: 51.7% • automotive industry: 37.0 %

  6. Bazaar economy:Shrinking manufacturing sector • Relationship between manufacturing industry and industry-related services • Outsourcing • Product support services • Boundaries between the sectors are fading

  7. Bazaar economy:An international phenomenon 1995 Import share of exports Trade openness index

  8. Bazaar economy:An international phenomenon 2000 2000 Import share of exports Trade openness index

  9. Bazaar economy: Export-induced value added • German gross value added, in terms of merchandise exports: 1995: 2005: 13.7 % ↑ 20 % • automotive industry: 2.4 % ↑ 4.3 % • engineering: 2.5 % ↑ 3.3 % • chemical industry: 2.0 % ↑ 2.2 %

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