The future for Germany called BRIC
As a trading partner of Brazil, Russia, India and China are increasingly important for Germany lenovo thinkpad t60p battery. Mainly because they are less affected by the crisis. Already, Germany exported more goods in the BRIC countries as the United States.
Through her unruly economic growth, the four countries have received even a name - and that, although geographically far apart, in part. Thus, the chief economist of Goldman Sachs, Jim O'Neill, the first letter of the four countries made up word and it created the BRIC. The Economist estimates that the BRIC countries could overtake the basis of their economic growth by the year 2050, the G8 countries in its economic strength.
According to surveys by the Hamburg Institute of International Economics (HWWA), the proportion of the four countries was the world's GDP in the year 2007 to about 22 percent and reached for the first time the U.S. share. In the crisis, the BRIC countries are expected to expand lenovo thinkpad t61p battery its share even more. For although it double-digit growth in China is over now, at least shows the trend is still upwards.
There are several reasons for this: The banks in China, India and Brazil have little speculation in the American housing crisis. Moreover, the regions could stabilize in recent years, their budgets and to accumulate foreign reserves. Now, the governments of the countries the flexibility to cushion the fall in exports by economic measures.
Only Russia could not escape a sharp downturn. Through an in-house real estate crisis and the strong dependence on commodity exports as well as the huge country has western Europe suffered from the economic crisis.
Talk about economic strength of the BRIC countries. Now as to what that means for Germany: The Institute for World Economics in Kiel (IW), it is assumed that the four countries gain significantly in the future as a trading partner for Germany in importance. "There for the growth in these countries there is high demand for capital goods such as machinery to expand production facilities," explains Dr. Klaus-Jürgen Gern. And the German economy is specialized lenovo thinkpad t60 battery in this production and capital goods. "
But as easy as in the EU exports to Brazil, Russia, India and China is not. All four countries circumstances not only facing major logistical challenges, said Thomas Straubhaar, director of the HWWA. And legal uncertainty, social conflict and an increased vulnerability hinder a sustained growth. Therefore recommends Straubhaar, companies establishing themselves in the BRIC countries and invest there want to join together with partners such as suppliers and jointly build networks.
In recent years, the BRIC countries have already gained a few places in the ranking on the list of the most important trading partner of Germany. News.de shows which goods between Germany on the one-China, India, Brazil and Russia will be exchanged on the other side:
In the ranking of the most important trading partner, China has risen in the past eight years, from rank 11 to rank sixth The most popular items from China include the German computer, consumer electronics and textiles. Overall, last year imported goods worth € 56 billion from China to Germany. This is far more than we have exported to China. For the sum of all German exports to include just under 30 billion euros. The Chinese place, especially in machinery, cars and electronics to German quality.
India is in the ranking of the most important trading partner within eight years, up from number 38 to place 26th Overall, German companies supplied goods worth more than eight billion euros to India. Mainly the Indians ask in Germany machines, electrical engineering, according to chemical products, metal, and metrology. From India, we refer mainly textiles and garments, chemicals, iron and steel and raw materials.
Brazil is the largest economy in Latin America. The Germans in the South African nation are machinery lenovo thinkpad x60 tablet battery, chemicals and cars score points. The Germans in Brazil to ask for especially iron ore, meat, machinery, auto parts and coffee.
The markets of Russia for the German industry not to be despised. Germany is the main supplier of goods for the huge country. Goods worth 32 billion euros, the Germans have exported to Russia last year, mainly machinery, automobiles, chemical products, electronics and electrical engineering. The other way is flowing mainly from oil and gas Russia on the German border, followed by iron and steel. The sum of imports from Russia is 36 billion euros.
