Abstract
With a double-digit growth rate, Germany's export sector was again very successful last year. While the industrialised countries continue to be Germany's main trading partners, growth in the past few years has been stimulated by trade with the booming regions of Southeast Asia and Central and Eastern Europe as well as with Central and South America. The current crisis in Southeast Asia has led to an abrupt slowdown in the region's economic development. What will be the consequences for global trade in general and for German foreign trade in particular?
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References
Cf. Günter Weinert et al.: Südostasienkrise belastet Konjunktur, HWWA-Report No. 171, Hamburg 1998, p. 43f.
cf. Konjunktur-Schlaglicht: Welthandel und Wettbewerbsfähigkeit, in: Wirtschaftsdients, Vol. 77 (1997), No. 9, p. 544.
cf. Eckhardt Wohlers: Ökonomische Auswirkungen der Transformationsprozesse in Mittel-und Osteuropa auf die Bundesrepublik, in: Karl Eckart, Spiridon Paraskewopoulos: Der Wirtschaftsstandort Deutschland, Berlin 1997, pp. 159 ff.
Cf. also Günter Welnert: Increased Risks for the World Economy, in: INTERECONOMICS, Vol. 33 (1998), No. 1, pp. 46 ff.
Cf. Günter Weinert, op cit., also Günter Welnert: Increased Risks for the World Economy, in: INTERECONOMICS, Vol. 33 (1998), No. 1, p. 49 f.
The IMF revised its growth forecast for Japan for 1998 from 2.9% in May 1997 to 1.1% in December 1997; cf. IMF: World Economic Outlook, December 1997.
Cf. OECD: Economic Outlook No. 62, December 1997, p. A54.
Cf. OECD forecast: Economic Outlook No. 62, December 1997, p. A16 and p. A46.
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Hinze, J. Regional development of German foreign trade in the 1990s. Intereconomics 33, 93–100 (1998). https://doi.org/10.1007/BF02929506
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DOI: https://doi.org/10.1007/BF02929506