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Kleine Welt: Wenn Deutschland nur mit Demokratien handelt

The last few years have shown the downside of the German export model, i. e. Germany’s dependency on its trading partners. This is particularly painful at present with regards to Russia and potentially China. Thus it seems reasonable to focus German trade on democratic countries. However, whatever b...

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Detalles Bibliográficos
Autor principal: Menkhoff, Lukas
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer Berlin Heidelberg 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9307430/
http://dx.doi.org/10.1007/s10273-022-3225-1
Descripción
Sumario:The last few years have shown the downside of the German export model, i. e. Germany’s dependency on its trading partners. This is particularly painful at present with regards to Russia and potentially China. Thus it seems reasonable to focus German trade on democratic countries. However, whatever benchmark one takes, the democratic world remains small and does not increase in importance. Moreover, the less democratic countries are tentatively poorer which implies that their trade structure follows a specific pattern; in particular these countries have a higher share of commodity exports which are hardly available in Germany or Europe. Consequently, the economic costs of such a self-imposed restriction would be high.