Question

International Business Opportunities

With a rationalization of why you would go to Germany to do business, evaluate the competitive environment within the country.

Answer 1

Germany is a European nation which is the 4th largest in terms of nominal GDP and 5th largest in terms of Purchasing Power Parity.

As a nation with a highly competitive and skilled task force and also having a low level of corruption, Germany has always been known as an innovator and is the world's 3rd largest exporter.

As a country with 16 states, and each having their own Constitution, the entire gamut is held together by the Federal Chancellor in the federal parliamentary democratic republic.

The German business environment is focused greatly on SMEs, with investment in agriculture being really limited. The largest sector of the country is its automotive sector, which is known worldwide for their designs, stability and comfort.

Even after the escalating tensions of a trade war between US and China, worries of a hard Brexit and a global slowdown of growth, it is a country which has managed to keep a budget surplus for the 3rd consecutive year.

All these reasons make Germany an attractive business environment.