Germany s International Trade And Foreign Business

Introduction With an estimated population of 80.1 million, Germany has the largest economy in Europe and one of the largest economies in the world. Located in northern central Europe, Germany shares borders with nine European countries. Berlin is the country’s capital and largest city geographically. Today Germany is divided into sixteen federated states, including Berlin. German is the official language of this country, and is one of the top ten most spoken languages in the world. As one of the top exporting countries in the world, Germany is not a stranger to international business. Obviously international trade and foreign business plays a major role in their economy. Germany’s innovation and ability to attract foreign direct investment allows them to be one of the world’s largest economies. In order for us to understand how German business is structured we must first learn about their culture and environment. Background In the early 20th century, Germany suffered from two world wars. The country was faced with World War I from July 1914 until November 1918, where German empire was defeated by Germany and Russia. In January 1933, Adolf Hitler came to power in Germany and began his reign with the Nazi party. In 1939, Germany invaded Poland and began World War II. The German Nazis fought in this war until the official surrender in 1945. Defeats in both wars caused the German economy to plunge and the standard of living reached a low point for German citizens. 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