Third Way Perspectives
Archive for October, 2010
October 14th, 2010
This piece was originally posted on The Wall Street Journal’s Real Time Economics Blog.
Sprechen Sie Trade?
When it comes to exports, the United States could learn something from Germany.
In the second quarter, Germany’s economy grew at a blistering annual rate of 9%, almost all of which was due to robust exports. In August, German manufacturing orders expanded by a healthy 3.4%, driven by strong foreign demand for products like Audis in China. America’s economy is four times larger than Germany’s, but Germans export more manufactured goods than us, and those exports account for over a third of Germany’s GDP.