Wie macht Deutschland das? (How does Germany do that?)
- Tyler Elwood
- Nov 1, 2017
- 1 min read
I have had one thing on my mind lately, this is something that I have recently read in a book of mine and I decided to do more research on this. This would be a contingency plan. This is a plan designed to take a possible future event or circumstance into account. For example in Germany in 2008 a financial crisis left most industrialized nations reeling. Yet Germany, especially its manufacturing sector, has done exceedingly well.
I believe that this is possible due to their contingency plan. With the financial crisis they had a plan for the “worst-case scenario” and in 2010 they were exporting more than $1.3 trillion in manufactured goods. It is apparent that after this crisis, while most of the world turned away from producing manufactured good for a period of time, Germany continued to produce, which has helped their manufacturing industry tremendously.
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