German trade performance in times of slumping euro area markets
While the global financial crisis had a strong impact on economic activity in Germany, the impact of the euro area crisis on economic activity in Germany has so far been relatively mild. Trade flows by region reveal that German firms have recently redirected their exports towards the remaining growth spots of the world economy, in particular to Asia’s emerging economies. However, a continued crisis in the euro area is likely to put a considerable dent in German exports. While market forces have already triggered the rebalancing of intra-European trade flows, German exporters may play a helpful role in this process if firms in distressed countries circumvent high entry costs by integrating themselves into the global value chains of German exporters. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2012
Volume (Year): 47 (2012)
Issue (Month): 6 (November)
|Contact details of provider:|| Web page: http://www.springer.com|
Web page: http://www.zbw.eu/de/
Web page: https://www.ceps.eu/
|Order Information:||Web: http://link.springer.de/orders.htm|
When requesting a correction, please mention this item's handle: RePEc:spr:intere:v:47:y:2012:i:6:p:368-372. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Rebekah McClure)
If references are entirely missing, you can add them using this form.