Comparison between the capitalism of France and Germany
- Key Data Market
- Degree of market concentration
- Technological developments
- Changes in consumer behavior
France is a country located on the European continent. Its area is about 550,000 square kilometers. Its capital and largest city is Paris. It is a nation that is active on the international stage. A co-founder of the European Union, it is also a permanent member of the Security Council of UN-OECD and G8. It possesses a nuclear weapon, and is a constitutional republic. It aims to defend the values of democracy and human rights, and thus has a universal message. It had 64 million inhabitants in 2005. Its currency is the euro, and its national anthem is "La Marseillaise". France has a capitalist economy and is now the sixth largest economy behind the United States, China, the United Kingdom, and Germany. It is particularly strong in agriculture, being the second largest exporter in the world after the United States in the tertiary sector. Services are one of its strengths, especially in the tourism sector. It hosts between 70 and 80 million visitors each year. Its banks, its auto industry, and it luxury goods also contribute to its international reputation. France has been a prominent cultural pillar of thought throughout its history, and especially in the eighteenth and nineteenth century. Its democratic ideals and the French revolution in 1789 influenced many countries including the United States. It is also famous for its philosophy of Cartesianism, especially the Enlightenment. The country has also had a considerable artistic and intellectual influence with Montaigne, Moliere, Racine, Pascal, Rousseau, Voltaire, Hugo, and Balzac. It is also famous for being home to prestigious painters like Monet, Manet, Renoir and many others, or musicians like Gabriel Faure and Debussy.
With its 82 million inhabitants, or 231 per sq. km, Germany is one of the most populated countries in Europe. Its birth rate is however one of the weakest and its demographics began to decline over the past 70 years. Germany had the largest GDP of the European Union. The unemployment rate was 11.5% in November 2005 with over 4 million people unemployed. German GDP was 2.907 billion dollars and GDP per capita of 30,000 euros. Industry is a very important economic sector in Germany. Indeed, it employs 33% of the workforce, all due to the large population, its qualifications, favored by a professional learning, and its high standard of living.
Germany is also the world's largest exporter and third largest investor worldwide, thanks to multinational corporations. The most powerful industries are automotive, mechanical engineering and chemistry. German products are generally very good, as their commercial follow-up is important. The German business and labor work in a co-management system.The west is the most dynamic, while in the East (former GDR), many businesses have closed, causing a sharp rise in unemployment. Per capita GDP of West Germany is much higher than that of East Germany.The special feature of Germany is that it was divided into two parts during the Cold War: West Germany (West Germany) was created on May 23, 1949 in the west and the GDR (German Democratic Republic) was established on 7 October 1949 to the east. The West German economic growth recovered much faster than that of the East Germany. The fall of the Berlin Wall on November 9, 1989, saw a prelude to the reunification of Germany, and both countries were not at all on the same economic level. This difference remains today and the east is still poorer than the West. The cost of reunification has resulted in significant economic hardship for the country since the 1990s. Unification, however, allowed to make a nation that is politically essential in the European Union.
Tags: France; Germany; comparative study; capitalism in both nations