Chasing globalisation. Germany's economic relations with the BRIC countries
Chasing globalisation. Germany's economic relations with the BRIC countries

Author(s): Konrad Popławski
Subject(s): Supranational / Global Economy, International relations/trade
Published by: OSW Ośrodek Studiów Wschodnich im. Marka Karpia
Keywords: BRIC countries;globalization / globalizacja; German export; Germany;Eurozone crisis;
Summary/Abstract: In this report, the author presents the major trends in Germany’s economic cooperation with the BRIC countries and analyses the way in which the German state supports the companies involved in trade and investment activities in these states. To investigate these processes, the method of economic analysis of trade and capital flows between Germany and the BRIC states are principally employed. Additionally the talks with German experts were conducted. The figures quoted in this report have mainly been drawn from data bases kept by the German Federal Statistics Office and the Bundesbank. To analyse these figures, one needs to be aware of the methodology the German institutions use to collect information on trade flows. It should be remembered that they treat goods which reach the country through German harbours as German imports, whereas their further resale abroad is registered as exports, and these flows should be classified as trade figures relating to third countries. So, it seems that the trade results calculated using this method are overestimated. On the other hand, it is difficult to assess what portion of these goods is further transferred to German manufacturing plants in Central and Eastern Europe.

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