Monday, February 13, 2012

IMF World Economic Outlook and Exports: North America, USA, EU, UK, Germany, France, Asia


MarketWatch is published by Dow Jones & Co. and is part of the Wall Street Journal's Digital Network.

At  MarketWatch, David Marsh in Marsh on Monday asks: Why does Germany feel so good about itself?, as March writes, inter alia:
"The mood in Germany is a mirror image of sentiment in France. President Sarkozy said glumly on French TV earlier this month that France had only 100,000 exporting companies while Germany boasted 400,000."
Sarkozy and the French, or the Greeks, or the United Kingdom, or Italy, or Spain, should not wonder about not being able to keep up with the German economy and its export machine.

Germany is a land of engineers and inventors. There is no conscious urge here to dominate Europe economically, as far as we can tell, but while others may be sitting around complaining, the Germans are up at the crack of dawn or before -- voluntarily, mind you -- churning out products and inventions for export markets.

The United Kingdom is an undenied dominant force in financial services, but has been falling behind steadily worldwide as far as its total exports are concerned, as shown by IMF stats in a graphic via Oxford Economics:


The downward trend of development in North America and the UK is clear.

Every nation of course has its particular specialties, especially in the European Union and the Euro zone, where, e.g. France and Italy lead the world in fashion and design, just as an example.

In fact, the European Union and the Euro area in general comprise the world's largest exporter by far as shown by these stats from the April 2011 World Economic Outlook of the IMF, showing that the Euro area accounts for a massive 26.1% of world exports, compared to the USA with only 9.8%, barely more than Germany alone with 8%, and, the cause of Sarkozy's worries, France, tied with the United Kingdom, with only 3.5%:



Obviously, these stats point clearly to the modernity of Europe and its ability to create and manufacture products that are capable of holding their own on world markets, whereas the United States and the United Kingdom have been basking in past glories -- something mirrored in many U.S. political campaigns -- rather than moving forward.

Nevertheless, Europe's great reliance on exports is also a weakness, making it much more sensitive to world markets than nations having smaller export shares.

Hat tip to CaryGEE.



The ISandIS Network

Our Websites and Blogs: 3D Printing and More 99 is not 100 Aabecis AK Photo Blog Ancient Egypt Weblog Ancient Signs (the book) Ancient World Blog AndisKaulins.com Anthropomorphic Design Archaeology Travel Photos (blog) Archaeology Travel Photos (Flickr) Archaeo Pundit Arts Pundit Astrology and Birth Baltic Coachman Bible Pundit Biotechnology Pundit Book Pundit Chronology of the Ancient World Computer Pundit DVD Pundit Easter Island Script Echolat edu.edu Einstein’s Voice Energy Environment and Climate Blog Etruscan Bronze Liver of Piacenza EU Laws EU Legal EU Pundit FaceBook Pundit Gadget Pundit Garden Pundit Golf Pundit Google Pundit Gourmet Pundit Hand Proof HousePundit Human Migrations Idea Pundit Illyrian Language Indus Valley Script Infinity One : The Secret of the First Disk (the game) Jostandis Journal Pundit Kaulins Genealogy Blog Kaulinsium Kiel & Kieler Latvian Blog LawPundit.com Law Pundit Blog LexiLine.com LexiLine Group Lexiline Journal Library Pundit Lingwhizt LinkedIn Literary Pundit Magnifichess Make it Music Maps and Cartography Megalithic World Megaliths Blog) Megaliths.net Minoan Culture Mutatis Mutandis Nanotech Pundit Nostratic Languages Official Pundit Phaistos Disc Pharaonic Hieroglyphs Photo Blog of the World Pinterest Prehistoric Art Pundit Private Wealth Blog PunditMania Quanticalian Quick to Travel Quill Pundit Road Pundit Shelfari SlideShare (akaulins) Sport Pundit Star Pundit Stars Stones and Scholars (blog) Stars Stones and Scholars (book) Stonehenge Pundit The Enchanted Glass Twitter Pundit UbiquitousPundit Vision of Change VoicePundit WatchPundit Wine Pundit Word Pundit xistmz YahooPundit zistmz