How Germany became Europe’s richest country

Here is a clip from PBS on the German economy as to why it is has been so successful.

* The secret to Germany’s success seems to be evident in small-to-medium-sized family firms that manufacture some highly specialized and indispensable piece of equipment. The Germans like to say, we make the thing that goes inside the thing that goes inside the thing.

* With just a quarter of America’s population and a quarter of its GDP, Germany exports more than the United States in total

* Germany have 1 percent of the labour force of the world, and 10 percent of the world exports.

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