It really gets to the crux of the country’s success.
In 1993 they ran a $20bn deficit and now that is a surplus of over $200bn (inflation adjusted).
Worth a read for any economist and puts into perspective the trade-war going on right now.
“The takeaway — from this whole 6,000 word essay — is that Germany has done insanely well for itself since the creation and adoption of the Euro and the European Single Market by pursuing a strategy of Export-driven Industrial production that is considered impossible in any other developed, high-GDP, high-population, high-wage-paying nation.“
