World trade and getting out the crisis of Italy and Germany

Abstract

Italy and Germany are going out from the crisis following different patterns. Each one has an economical structure based on the manufacturing sector and could be defined ‘bazaar economies’. In the 2010 Italy grows less than Germany in a phase in which a structural change in the world trade is becoming and Germany also changes the countries from which imports. Thus, the growth of the German economy does not imply the increasing in Italian economy. The German success has been due to the reduction of costs and to the high quality production. Germany is overcoming the crisis increasing the productivity together to the wages reduction to improve the competitiveness. In this scenario Germany has focused its investments in research, high education and ICT skills.