The changing characteristic features to streamline the Global market 2015

       

Precision is the need of the hour. Today, the international market teems with customers, who are more allured to quality, than ever before. Each day, leaves the planners and executing wing of the nations, sleepless. This is an outcome of ‘Necessity is the mother of invention’.There has been a growing competition in the world market, but tinged with innovation. Again, the market, today, differs from the market of the preceding years. Earlier, the market strategy and innovation, survived, at least, for a period of time. But, these days, things have taken a different turn. The global trend, under the umbrella of globalization, has changed its rhythm. It seems to be singing a different song. The market, with its traders, witness not a prolonged innovation, but the one that has been changing its shape, within  a short span of time.

         The sweeping awareness among the large part of the world population, and the increase in the purchasing power of the consumers, across the globe, has made the world market, an emanating point for products, tinged with a renewed innovation, which might reach upto the expectation of the customers.

        The changing demands of the consumers, and the market trends, will bring a corresponding change in the manufacturing strategies of the entrepreneurs and the managing body. The manufacturing sector and tertiary sector as well, will look for highly skilled workforce, who would get negotiated for a cost-effective salary. The two-pronged approach will take into its ambit both precision and low wages. The aim would be to enhance the quality of the product and the services , and at the same time, trying to bring down the cost of input.

        Frequent orientation programmes and training sessions will be conducted to update the skills of the workers. Intermittent meetings would be conducted to season the minds of the administrative rungs of the hierarchy.

German Economy

         
              Germany is the largest economy in Europe and the fourth largest in terms of nominal GDP in the world. It stands in the 5th place in world, in GDP (PPP). It is one of the chief members of the EU and the Eurozone. It is social market economy. It is the major industrialized nation in terms of commitment to renewable energy transition. Energiewende emphasizes the spirit of the transition. It is the largest producer of wind turbines. 29% of its domestic electricity needs come from its renewable sources of energy.

                Having recorded the highest trade surplus($ 285 billion), it is the biggest capital exporter in the world. Germany is the third largest exporter in the world with $1.511 trillion. Service sector contributes 70% of the GDP approximately. The secondary sector and agriculture have  share of 29.1% and 0.9% respectively. 4.1% of the national output is exported.

                     Most of the German companies (99%) belong to the German "Mittlestand." The small and medium sized enterprises are family-owned. The world's 500 largest publicly-listed companies, as per the report of Fortune Global 500, 50 companies are headquartered in Germany. Of these, the top 10 areVolkswagen, BMW, Siemens, BASF, Allianz, Munich Re, E. ON, Bayer, Dalmier and RWE. Germany is the top location for trade fairs. Around two-thirds of the world's leading trade fairs take place in Germany. It is the largest exporters of arms among the non-permanent members of the United Nations Security Council. The main cities that become the venue to a number of trade fairs and seminars are Munich, Hanover, Frankfurt and Berlin.

                      The financial capital of Germany is Frankfurt. The currency of Germany is Euro. The nominal GDP of Germany in the year 2014 was 3.915 trillion. It purchasing power parity for 2014 was 3.486 trillion. In terms of nominal GDP, Germany ranks 4th in the world.and in ppp its rank is 5th. In 2014, Germany reconrded 1.6% GDP growth rate. The per capita income of Germany in 2015 is $48,226 and its PPP is $46,896. According to the economy survey report on Germany, its agriculture has  0.9% in the country's GDP. The secondary sector has a share of 29.1%. The tertiary sector has a share of 70%. By January 2015, its unemployment is only 4.9%                                          .
                                                                                           ^{German economy minister Sigmar Gabriel} 
             The main industries in Germany are iron and steel, coal, cement, mineral fuels, chemicals, plastics, productions production machinery, vehicles, trains, shipbuilding, space and aircraft, machine tools, electronics, information technology, optical and medical apparatus, pharmaceuticals, food and beverages, textiles.In business, Germany ranks 20th.
            Germany's exports stand at $1.511 trillions according to the 2014 report. Its exports mainly include motor vehicles, machinery. chemicals, computer and electronic products, electrical, equipment, pharmaceuticals, metals, transport equipment, foodstuffs, textiles, rubber and plastic products.

   
             Netherlands, United Kingdom, France, United States, Austria, China, Italy, Switzerland, Poland and Belgium are the main partners, sharing its exports. Netherlands shares 6.9%. The 2013 estimates about Germany's exports tell us that the share of United Kingdom is 7.4%, France is 9.8%  United States is 6.4%, Austria is 5.5%, China is 5.4%, Italy is 5.2%, Switzerland is 4.6%, Poland is 4.1%and Belgium is 4.1%.

             Germany's imports stand at $1.226 trillion. Its import includes machinery, data processing equipment, electric equipment, vehicles, chemicals, oil and gas, metals, pharmaceuticals, agricultural products and food stuffs. Mostly, the imported goods come from Netherlands(14.2%). France has a share of 7.7%. Belgium stands in the third place with 6.4%. China maintains the fourth place (6.4%) in having a share of Germany's imports.. Only 4.9% of Germany's imports come from U.K..Austria shares 4.4% of its imports. Russia and Poland have 4.3% each. 4.1% of the imports of Germany come from Switzerland. Czech Republic's exports to Germany forms 4% of Germany's imports. By June 30, 2012, its FDI stock stood at $1.335 trillion while its gross external debt sttood at $5.717 trillion. Its public debt had a lion's share in its GDP of 2013(69.46%).

                   As per 2013, Germany's revenues stood at 1.626 while the expenses rose to $1.624. In the recent survey, Germany's rank in the list of corruption, was 12.