Germany has seen a fair amount of high and low
Moments in its history and always through the sands of time it remains
A strong country, within its people and of course more importantly its economy but
Why is germany a country that is economically growing, where other countries might seem to be a little bit more stagnant
Well here on ftv facts, we are looking at some of the reasons of why, germany has become so rich and powerful hey
Everybody, what's going on and welcome to ftd facts!
The channel, where we talk about people cultures and places from all around the world now, my name is Dave Walpole
And yeah this is a kind of channel
Where we look at different countries and cultures and break them down and we find out, what is truly amazing?
About them now for this video, we are looking at germany, we already know
Germany is an amazing place but economically it's just a powerhouse it's going, boom and why, is that
Well let's take a look at it but before i get into this video i want to know
What is your thoughts about germany, let, me know down there and let's start off with number 10 getting right into it number 10
manufacturing and
workforce
Now germany is a country that works hard as a matter of fact that term german efficiency is what comes to mind when we think?
Of manufacturing and workforce not only do their products last, but the term slow
And steady wins the race applies to germany, because back in the 1980s and 90s germany
Was criticised for not jumping on the dot-com and internet bandwagon unlike other countries and kept focusing more on manufacturing equipment
But however when it comes to germany it's their small and medium sized. Businesses
That offer demanding products that are key to the economy now
These small companies manufacture equipment that is built through highly specialized
Means, making the machines that they built important for construction purposes number nine
Adopting the euro now of course the euro is one of the strongest if not the strongest
Dollar and currency on the planet however if the country didn't adopt the euro during its time the deutsche mark would have become an extremely
Costly dollar to convert to and by taking on the euro, which
Wasn't as strong, as the deutsche mark this allowed germany to sell and export their products at
A cheaper price to many countries around the world number eight spending, what one can now germany has a great philosophy
Where they, do not spend beyond their mean and it's not just people it's, also their government as
Well and because germany's been very good at keeping their interest rates pretty stable it's allowed them not to borrow
money on rainy
Days and this might seem like a very old-school way of doing things but keep in mind germany's been through a lot of rough times
In the past so they've learned to keep their money and hold on to it and not spend it if they really have to
number seven labor and unions in 2003 the country
Had labor reforms that strengthened the protection of employees and during this time, while the world had a worldwide recession from the
Year 2000 and 2003 a government program came in where many germans were happy to work fewer hours
To, keep their job and continue working on their skills now. This, same program
Was instituted during the 2008 economic crisis and of course this program is slightly funded, by the government to help
Keep small businesses alive and as
Well on top of that their unions have been a great
contribution to the country's success and
Because of all these reasons it's kept their people working and of course kept all their businesses alive and as a result for
2017 their unemployment was only at 3 point 6 percent number 6?
Community in the 1980s and 90s many of the jobs were considered very local which actually meant most jobs weren't really considered
major
Corporations which is actually quite beneficial for the country and because their jobs were on a smaller scale and
Usually in small communities it meant that employers had to respect their employees and had obligations to them, and what's even crazier?
About this in these small companies employees actually can sit on the board, and they can, also make decisions for the company
And what this results to is that people, who work, these jobs generally feel valued, so that, means when an economic crisis comes around
And there you really got to pinch the pennies at least people feel valued, and they feel appreciated they're
Not being lied to so they, stick with the job in the first place number 5 volkswagen
Let's just face it volkswagen is one of the most popular car companies in the world and they always
make reliable machines as a matter of fact in 2012 it won the best car company in sales and in
2016 and made record sales despite the dieselgate
crisis
And it's just a powerful company that makes a lot of money that really puts it towards germany's
Economic growth number for resources now germany is a very lucky country, because it's got all the resources it pretty much needs to build
The things that it makes for example that has a lot of resources like timber natural gas coal
Uranium iron and ore and what makes this very good, is that companies within the country
Don't have to spend a lot of money on importing, these products into their company or better yet they
Don't have to spend money on a lot of transportation fees so they can, use these resources to build with number three, these people are
Traditionalists now what is great about germany compared to other countries
Is there is very little?
Unlimited competition in trades where in germany there is much respect for a person who still makes things
By their hands and because of all this like i said earlier their products are generally meant to last because they are cared for much
More number two cheap entertainment in germany one thing to notice is that entertainment is generally quite
Inexpensive for example the bundesliga sport league
Has the lowest ticket cost in all of europe and actually has the highest audiences keeping entertainment
Cheap, makes people happy and lets them afford other things and number one education and intelligence now as i said before when
We think of germany, we think of german efficiency?
And when it comes to education efficiency holds true as their education is not only free for its citizens but for international students as
Well many will ponder and ask, why, and how
A social, system like, this works but germany
understands that working together will make everyone improve and in
2017 it was ranked third in the world for education and because of that they were ranked 47th in the world
When it came to employability either way
That is just some of the reasons of why germany is a very rich and powerful country there are many other things that
make Germany an amazing country but i always like to look at it from its traditional
Roots because i feel like if you've got a good mental vibe then you can accomplish anything but. Anyways guys
My, name is dave alba and thanks for tuning in and learning more about germany now if you guys liked
This video and you?
Want to learn more about germany check out our other german videos which is down there in the playlist in the description
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My, name is dave waffle and we'll see you guys in the next video cool, bye
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