International Trade and Germany

International Trade and Germany

Germany is one of the most important countries for international trade. Statistics available from the WTO (World Trade Organization) till 2009 indicate the country to be the 3rd largest importer in the world and the 2nd largest exporting economy (ITS, 2010). Trade is an important aspect of the economy of the country which can be witnessed from the openness indicator that suggests that it is a very open economy. The economy of the country's reliance on international trade has been the subject of a lot of research to understand the prospective results and outcomes of ...