Small World: If Germany Only Trades With Democracies
Abstract The last few years have shown the downside of the German export model, i. e. Germany’s dependency on its trading partners. This is particularly painful at present with regards to Russia and potentially China. Thus it seems reasonable to focus German trade on democratic countries. However, w...
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| Format: | Article |
| Language: | deu |
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Sciendo
2022-07-01
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| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-022-3225-1 |
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| _version_ | 1832569322563698688 |
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| author | Lukas Menkhoff |
| author_facet | Lukas Menkhoff |
| author_sort | Lukas Menkhoff |
| collection | DOAJ |
| description | Abstract The last few years have shown the downside of the German export model, i. e. Germany’s dependency on its trading partners. This is particularly painful at present with regards to Russia and potentially China. Thus it seems reasonable to focus German trade on democratic countries. However, whatever benchmark one takes, the democratic world remains small and does not increase in importance. Moreover, the less democratic countries are tentatively poorer which implies that their trade structure follows a specific pattern; in particular these countries have a higher share of commodity exports which are hardly available in Germany or Europe. Consequently, the economic costs of such a self-imposed restriction would be high. |
| format | Article |
| id | doaj-art-4ab67b16d2ee48cf92cd83bf45ca70a2 |
| institution | Kabale University |
| issn | 1613-978X |
| language | deu |
| publishDate | 2022-07-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Wirtschaftsdienst |
| spelling | doaj-art-4ab67b16d2ee48cf92cd83bf45ca70a22025-02-02T22:12:58ZdeuSciendoWirtschaftsdienst1613-978X2022-07-01102743944410.1007/s10273-022-3225-1Small World: If Germany Only Trades With DemocraciesLukas Menkhoff0Abtl. WeltwirtschaftAbstract The last few years have shown the downside of the German export model, i. e. Germany’s dependency on its trading partners. This is particularly painful at present with regards to Russia and potentially China. Thus it seems reasonable to focus German trade on democratic countries. However, whatever benchmark one takes, the democratic world remains small and does not increase in importance. Moreover, the less democratic countries are tentatively poorer which implies that their trade structure follows a specific pattern; in particular these countries have a higher share of commodity exports which are hardly available in Germany or Europe. Consequently, the economic costs of such a self-imposed restriction would be high.https://doi.org/10.1007/s10273-022-3225-1 |
| spellingShingle | Lukas Menkhoff Small World: If Germany Only Trades With Democracies Wirtschaftsdienst |
| title | Small World: If Germany Only Trades With Democracies |
| title_full | Small World: If Germany Only Trades With Democracies |
| title_fullStr | Small World: If Germany Only Trades With Democracies |
| title_full_unstemmed | Small World: If Germany Only Trades With Democracies |
| title_short | Small World: If Germany Only Trades With Democracies |
| title_sort | small world if germany only trades with democracies |
| url | https://doi.org/10.1007/s10273-022-3225-1 |
| work_keys_str_mv | AT lukasmenkhoff smallworldifgermanyonlytradeswithdemocracies |