Author(s)

Xinyu Fu, Ruopei Zhang, Litong Zhong

Corresponding Author

Xinyu Fu

ABSTRACT

The success of the German economy is the result of the interaction of many factors. This paper mainly analyzes it from two aspects. The first part is the domestic reasons. Firstly, it briefly summarizes the basic situation of Germany from two aspects of Germany's advantageous chemical and automobile industries and then explains why the German industry is so advanced from its unique dual system of education mode. The second part focuses on Germany's foreign trade, especially with the EU Member States, from the perspectives of tax, currency, relevant laws and regulations to production costs. This paper holds that among many factors, the main reasons for Germany's economic success are Germany's domestic education system and foreign trade model. As the largest economy in the EU, while making full use of the EU's long-term and stable market, Germany has also actively attracted talents from many backward EU Member States, injecting vitality into Germany's innovation and development. Together, these potential factors and convenience have contributed to Germany's economic success. Covid-19 has had a great economic impact on the world, and Germany is not an exception. Therefore, this paper has certain enlightenment significance for rethinking German economic problems in the future.

KEYWORDS

German economic success, Industry, Education system