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 Post subject: Ukraine war forces Germany to change economic model
PostPosted: Mon May 16, 2022 4:19 am 
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Recently, Martin Brudermuller, CEO of the In the 1970s, slot games became very popular with the growth of technology. And the first video slot known as Fortune Coin was introduced by Wolt Frey. Video slots began in the 1970s, mimickingxo wallettraditional slot machines with only one payline, but are now growing exponentially. Video slot. world's largest German chemical company, BASF, warned that Germany, a country with a large economy The best in the Eurozone It may be necessary to change the way of doing business or change the "economic model" of a new country.

Otherwise, the economy that used to be strong Continuously prospering for the past 20 years, may face major problems


Brudermuller pointed out that Germany's economy has been strong and expanding over the past 20 years, becoming one of the largest exporters in the world. Due to three important reasons:

First of all, Germany has a stable and cheap source of imported energy. Buy it at a price lower than the world market price from Russia. Close neighboring countries in Europe For use as power to feed the strong domestic manufacturing industry.

As a result, Germany is able to produce and develop highly competitive products.

The second is the fact that German companies have jumped into the world's largest market, China, ahead of any other global competitor. Capture a large share in this market before anyone else. Relying on China's recent economic growth, it has greatly strengthened Germany's economy.

For example, 40% of Volkswagen's cars produced each year are sold only in China.

The third most important is the current. Globalization that drives trade liberalization and make many countries accept to open their own markets and gain competition from other countries which results in the product “Made in Germany” can thrive in the free environment of the world market.

All of which has given Germany a huge trade surplus for the past 20 years. It made the country's economy tied to cheap energy from Russia. and China's huge market can't be helped

Brudermuller's point is that the situation is changing upside down. because of the war between Russia and Ukraine

Before this war The COVID crisis has already caused serious and complex problems for global supply chains. Combined with the devastating effects of the Ukrainian War It made many people start to worry about "The collapse of globalization" more and more respectively.

The Ukrainian war prompted the need to distance itself from Russia's dependence on energy. To prevent further energy imports from Russia becoming a support for Vladimir Putin's aggression.


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 Post subject: Re: Ukraine war forces Germany to change economic model
PostPosted: Thu Jun 02, 2022 7:09 am 
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 Post subject: Re: Ukraine war forces Germany to change economic model
PostPosted: Thu Jun 16, 2022 9:34 am 
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