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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: Jurgis Bekepuris who wrote (2080)2/13/2014 2:09:06 AM
From: tejek   of 2722
 
The model is Germany..........see how a country with a high standard of living competes successfully in the world economy. Up until two years ago, they were the number one exporting nation in the world. Now they are number two behind China. They didn't get there by magic.
They didn't get there by magic. But the situation is not completely simple either. Some things they did right. Some things were beneficial to them - or they used them well. E.g. Euro could be argued to be a huge stimulus for their exports - DM would have been much stronger currency and their prices would have been higher if they retained it. 10-15 years ago Germany was not doing that well.

10-15 years ago Germany was struggling because it was absorbing the GDR with all its economic problems. But what Germany has done right is create industries that pay richly and bolster their GDP thru exports......that's despite Germany's declining population. That's the model we need to follow........and we have the advantage of a growing population.
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