The Economy of Germany

Opublikowany 5 sty 2020
wyświetleń 466 653
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This is Germany, the largest economy in all of Europe by a significant margin and the forth largest in the world falling just behind japan. The economy of Germany is so interesting not just because of its size though but more because of it’s tenuous and surprisingly short history.
Germany is a hugely influential economy in the world today and even more so amongst other European economies, it has been a stabilising force in the euro-zone and its prosperity has overflowed into regions that have been less stable.
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References -
Nicholls, A.J., 2000. Freedom with responsibility: the social market economy in Germany, 1918-1963. Oxford University Press.
Sally, R., 1996. Ordoliberalism and the social market: Classical political economy from Germany. New Political Economy
Braun, H.J., 2010. The German Economy in the Twentieth Century (Routledge Revivals): The German Reich and the Federal Republic. Routledge
Stolper, G., 2017. German Economy, 1870-1940: Issues and Trends. Routledge.
Henderson, D.R., 2008. German Economic Miracle. The Concise Encyclopedia of Economics
Jeffries, I., Melzer, M. and Breuning, E., 2017. The East German Economy. Routledge.
Lechner, M., Miquel, R. and Wunsch, C., 2007. The curse and blessing of training the unemployed in a changing economy: The case of East Germany after unification. German Economic Review
Dale, G., 2004. Between state capitalism and globalisation: the collapse of the East German economy. Peter Lang.
Scharpf, F.W., 2010. The asymmetry of European integration, or why the EU cannot be a ‘social market economy’. Socio-economic review

Economics Explained
Komentarze  
  • Xadion

    Xadion

    Godzinę temu

    Germany's current prosperity has also a lot to do with its ties to China.
    It's no coincidence the recent slow growth has begun when the Chinese engine started sputtering.
    Also, Germany has weaponized the EU and the Euro against its direct competitors for years and this is one of the reasons the EU project is showing some serious cracks.

  • Arwo

    Arwo

    2 godzin temu

    ....I grew up in western Germany (born 1997), and I am studying in eastern Germany now, so I have first hand experience....
    Eastern Germany is still an economic dead weight... there is basically no social infrastructure (trains, cinemas, etc) social services are very rare (taxis,....), and you can still get only a limited supply of goods (even consumer) because there is no variation. I tried to DIY some shelves for my apartment, and when I went to the store there was exactly 1 kind of wood plank (1.8cm thick, 20cm wide, 250cm long), instead of the half dozen variants you can get in western Germany
    Oh, and electricity is still different...
    Western Germany has 220v 16A (3520W) on a standard outlet, eastern Germany has 220v 10a (2200W)
    That means that a modern water heater for the kitchen won’t work here, because a lot of them draw between 2500 and 2800W
    When I turned on my PC, it would kill power in my apartment, because the initial spike was too high for the old ALUMINIUM power lines to handle (the fuck), so I had to buy a special limiter, that’s usually used for heavy power tools to not kill the power when they start up
    Ceiling outlets for lamps and shit are only 2 phase, wich means that you can’t even use most lamps, or live with the fact that you’ll just kill yourselves when you touch one that is turned on
    Eastern Germany still sucks big time

  • Taresh Patel

    Taresh Patel

    16 godzin temu

    Comtiversal opinion but Germany took on the whole of Europe and some of UKs colonies twice and put up quite the fight. (Until USA decided to choose who should win)

  • O L

    O L

    20 godzin temu

    What he deliberately did not mention was that the Nazis were actually socialists. And their globalist agendas started a world war 2 times.

  • Vorname Nachname

    Vorname Nachname

    Dzień temu

    There are so many right facts in this video. It hurts to see that east germany was represented with the chosen stock footage that ... was chosen, obviously. Please do not think of like this about east germany.

  • Gary P

    Gary P

    Dzień temu

    Poor Germany, they were the real victims during the twentieth century.

  • Jari Kinnunen

    Jari Kinnunen

    2 dni temu

    All economy crashes was start by UK. Cousins was rules both countries. Relative is worst.

  • regal953

    regal953

    2 dni temu

    Deutsche Bank is a zombie, check its numbers!!!

  • Evert Evert

    Evert Evert

    2 dni temu

    Australia users the same system as east Germany .
    Welfare
    And middle class welfare
    ,,Fake public servant's jobs,,
    Massive accumulated taxation
    On ,, working class man,,

  • Sehunnie's Potato

    Sehunnie's Potato

    3 dni temu

    Germany didn't start WWI.. Austria did and because of a pack Germany had to help.. It just escalated a lot

  • drsupremo88

    drsupremo88

    3 dni temu

    Greece flag Looool

  • Rayman ray

    Rayman ray

    3 dni temu

    11.20 no shout out for bmw?

  • Fail Zero

    Fail Zero

    3 dni temu

    Are you not going to mention that it's the Americans that helped build Germany and Japan...and S. Korea?

  • Fail Zero

    Fail Zero

    3 dni temu

    We should ask VW of what they think.

  • Good old Blighty

    Good old Blighty

    5 dni temu

    It took two massive wars for Germany to get democracy,the German people love democracy.

  • Dipak Basu

    Dipak Basu

    5 dni temu

    I went to East Germany twice in 1979 and in 1982. The standard of living of the people was just as good as the people of England had at that
    time. I think you talk about East Germany and the Soviet Union without being there and without knowing these countries.

  • Propaganda Minister

    Propaganda Minister

    6 dni temu

    you forgot how we lost our currency. and how the brainwashed kids from the east block grew up to be our politicians. if you think the left leaned politic in your country is a issue i challenge you to take a step in germany, where beeing right winged and pro capitalism makes you the incarnation of satan (...or hitler). if you want to know what germany economy is like today: steel and steel products. everything else didnt even get a chance to make it with all the politicians trying to rebuild communism. so many restrictions, taxes, fees, soooo much paperwork. but if you dont have a job you still get paid. welcome to germany.

  • Rando Chando

    Rando Chando

    6 dni temu

    Welcome to Eichenwald!

  • cyantulip

    cyantulip

    7 dni temu

    “Germany has really not been able to catch a break” - ?!??
    Are you kidding?!

  • t

    t

    7 dni temu

    They’re very resourceful. But they’re not “unlucky” when it came to war reparations. They caused that on their own

  • Franco Pieru

    Franco Pieru

    7 dni temu

    The only thing worst than wars are bad politicians

  • VeitForABetterWorld

    VeitForABetterWorld

    7 dni temu

    Das Video besteht zu 90% aus Stockvideos

  • BlackChrRaw

    BlackChrRaw

    8 dni temu

    Can you do a video about the EU-bailouts, like Greece, Spain, Portugal etc?

  • wassim

    wassim

    8 dni temu

    You said in 5:30 you said that what did germany was not a particular economic policy , No that is not true also France did the same to (colonise) Algeria to pay their debts and frensh did steal the gold of algeria and never repay the debt that algeria give it to them .

  • ItsDexGaming

    ItsDexGaming

    9 dni temu

    First time I actually scaled down the video speed to 0.9 instead of speeding it up and it actually sounds right xD

  • ntomenic giorgo

    ntomenic giorgo

    9 dni temu

    I'd give you I hundred thumbs down for your constant portraying of Germany as the victim getting beat down etc etc. You almost make it sound like its someone else's fault they decided to invade they're neighbours and slaughter innocents.
    Oh and what's happening to that financial dead weight Greece you not so subtly mention?
    Asset stripped by Germany!

  • Elena

    Elena

    9 dni temu

    "German efficiency"
    *laughs in human trafficking ehm .. refugees*

  • Jonathan Brown

    Jonathan Brown

    9 dni temu

    I admire modern Germany, but its a model, an experiment and its stress test is now

  • Zadar Thule

    Zadar Thule

    9 dni temu

    East germany actually had some good and profitable industries (of course not all of them). But companies in the west did not want the competition. Most companies in the east became unprofitable with the instant change to the west german currency. Others were undersireable for a the market structure like glas that does not break: https://www.youtube.com/watch?v=HM6kBrXTeNM

  • Martin Gorgievski

    Martin Gorgievski

    9 dni temu

    i live in munich.. much like any big city, very few enjoy most of the benefits.. with rents going up to astronomical prices, taxation is at an all time high, waiting lines everywhere are just waay too big to get some work done, and now.. if it wasn’t too bad enough.. wages will start to stagnate .. the germany from the video is correct.. germany as a country is very powerful don’t doubt germany.. but the people are not enjoying the benefits of such a developed country.. even in software, people have part time jobs.. even senior engineers are having a tough time getting anything more than a 2 room apartment far from the center, and us juniors, well we are just a title away from janitors ..

  • Jacopo Abbruscato

    Jacopo Abbruscato

    10 dni temu

    It's inaccurate to state Italy has been around for centuries. It started existing as a unified kingdom only in 1861, barely ten years before Germany

  • ~NekoIDreamZz~

    ~NekoIDreamZz~

    10 dni temu

    Around 800.000 people homeless
    5.000.000 without work and 15.000.000 working but without enough money to live.

  • Jonathan Deinhard

    Jonathan Deinhard

    10 dni temu

    "german" in the title:
    germans: ZUGRIFF!!!

  • Arturo Ballí Valdés

    Arturo Ballí Valdés

    10 dni temu

    WHERE IS THE HOLY ROMAN EMPIRE IN THIS VIDEO?

    • TOFKAS01

      TOFKAS01

      10 dni temu

      That was not germany.

  • Ninja919YT Gaming

    Ninja919YT Gaming

    10 dni temu

    I seriously STILL wonder why they blamed alot on Germany even tho the A-H Empire started WW1 but hey, Germany is really interesting in these things. its really mind-blowing for me

  • Edgelord420

    Edgelord420

    10 dni temu

    See's thumbnail: iS tHaT a JoJo ReFeReNcE

  • ahuon

    ahuon

    10 dni temu

    hmm this is framed a bit strangely. A lot of the problems that Germany faced, ie Hitler, etc were self-inflicted, but the author makes it seem like these were just things that fell onto Germany out of nowhere. Not doubting the strength and resilience of the German nation, but the frame is a bit one-sided.

  • Tyler Durden

    Tyler Durden

    11 dni temu

    Do a full breakdown of Nazi Germany’s economy

  • Allen Bocephus

    Allen Bocephus

    11 dni temu

    Kept getting beat down of it's own making... no excuse for the horrors they visited upon the world.

  • Other Otter

    Other Otter

    11 dni temu

    Everything Economics: economic dead weight

    *shows flag of Greece*

  • Carolina Engel

    Carolina Engel

    11 dni temu

    this video it seems u are speaking more fast. calm down :(

  • Pavlin Stefanov

    Pavlin Stefanov

    12 dni temu

    Unlucky?! Try studying bulgarian history. You’ll fkn cry

  • Prophet's Space Engineering

    Prophet's Space Engineering

    12 dni temu

    Great video overall. I was born in the aftermath of East Germany and boy... that time is rightfully compared to the wild west over here. Unemployment skyrocketed and people had a really hard time to adapt to the new system overnight. Things were fairly miserable and super chaotic. Things are definitely getting better overall, but it took a very long time and it's still not done. There's a reason why nearly 2 million young people migrated westward since then.
    You're pretty spot on with most of your stuff, though it's hard to grasp just how our culture was shaped by history.

    You're a bit off with the situation after WWII. Germany did not lose nearly as much of its industry as is often claimed in WWII. The city centers were bombed to shreds, but large chunks of the industry were mostly intact. It wasn't nearly as bad as in most other European nations, especially as in the Soviet Union. The rebuilding process in West Germany was fairly quick as a result, especially since they could start trading pretty much right from the start. Lots of investment from regular foreign companíes also helped a lot, while direct financial help from foreign governments is often quite a bit overstated (their goodwill and the treaties were a cornerstone though).

    East Germany wasn't much worse off initially. It still had strong and developed industries, for example in electronics and chemistry, and good access to important resources. It's also not nearly as cold as you seem to think, lol. Agriculture is flourishing over here and you'd barely notice the slightly colder weather compared to other parts of the country.
    Anyway, after the war, the Soviet Union did not follow the western allies' example regarding reparations. They dismantled factories and entire industries to help rebuild their own nation (which had suffered tremendously). The resulting downfall in eastern Germany and some quite harsh policies (+some war crimes) lead to large numbers of people fleeing the country. That definitely helped western Germany quite a bit, since a majority of those were academics, but it also meant that the GDR lost thousands of engineers, doctors and other very important specialists. The wall was a direct response to the brain drain (especially since the West supported the migration).
    Rebuilding the country from that state was super hard and wouldn't get any easier due to the massive inefficiencies within soviet states.

  • Stuart Young

    Stuart Young

    12 dni temu

    Don't forget the "Boom! And...a massive influx of Middle Eastern refugees."

    • TOFKAS01

      TOFKAS01

      10 dni temu

      So what?

  • gavwah

    gavwah

    12 dni temu

    Stopped watching at 1:20 where you said Germany is centuries younger than Italy. German unified in 1871, Italy in 1870. One year younger, not centuries. If you've gotten that horribly wrong, what else in this video is bs?

  • Arische

    Arische

    12 dni temu

    Italy is about as old as Germany is so idk what that bit at the beginning was about

  • form76

    form76

    13 dni temu

    Awesome country and people too

  • Anthony Kist

    Anthony Kist

    13 dni temu

    The USA needs to take MANY lessons from Germany.

  • Anthony Kist

    Anthony Kist

    13 dni temu

    Its amazing what an economy can achieve when it literally can't overspend on military. Imagine what the USA could achieve if they stopped spending so much on theirs

  • helperbot 2000

    helperbot 2000

    13 dni temu

    german quality!

  • Gabriel Clermont

    Gabriel Clermont

    13 dni temu

    I love your videos, but i think you need a major focus on ECONOMY, not just history

  • Andrew Neisess

    Andrew Neisess

    14 dni temu

    Social market economy which combines the best parts of capitalism and SOCIALISM. Fixed it for you.

  • awakeningspirit20

    awakeningspirit20

    14 dni temu

    Bernie Sanders holds up Denmark as the ideal economic model, but I think it's Germany. Denmark is a homogeneous nation, where Germany is like America where it is (more) diverse. Social Democracy is literally the best form of government/economy, but conservative Americans are so afraid of anything remotely left-wing devolving into Soviet-style dictatorship that we may be a long way off from that. Apparently, according to conservatives in America, there should be no safety net and you should just pray to Jesus for economic security. America is degenerating, but I think we can rebuild it so long as we resist absolute capitalism and modern conservative policies. The left here is honestly just as useless if not more so, since it only cares about radical social liberal policies revolving around fringe minority groups and political correctness.

  • awakeningspirit20

    awakeningspirit20

    14 dni temu

    These people could literally come out of a nuclear holocaust and have one of the strongest world economies, AND rebuilt the country within like 5 years! Indestructible!

  • Atle Yri

    Atle Yri

    14 dni temu

    Why a picture of the Atlantic Road in Norway (4:05)?

  • Cumulus Humilis

    Cumulus Humilis

    15 dni temu

    german efficiency is a myth. things takes to long. too much paper work, too much useless discussion. if you want efficiency look at east asians.

  • DeMoNxLeon

    DeMoNxLeon

    15 dni temu

    You see in germany not much german flags the most think he have a german flag out NAZI we germans are not that was we where in 1914-1918 and 1939-1945 we are a nice "littel" Country and when you are in Berlin DON'T STEP ON THE GRAVES THATS ARE BIG STONE FORMS THEY ARE FOR THE JEWS WHOSE DIED IN THE HOLOCAUST WE SHAME US FOR OUR PAST

  • Dave Morgan

    Dave Morgan

    15 dni temu

    Germany isn't an efficient country, it's just that most other countries are even more inefficient!

    • Cumulus Humilis

      Cumulus Humilis

      14 dni temu

      except east asians such as south korea, japan. very efficient and fast.

  • Thanks for all that

    Thanks for all that

    15 dni temu

    I feel I should drink everytime you mention Norway being the shining light. I could only watch one a day. Or liver failure would ensue.

  • Marek Pająk

    Marek Pająk

    15 dni temu

    In Germany if the party starts at 6pm and you arrive at 6:15 they won’t let you in