John Hennessy III,
P.E.
GLOBAL CITIES INITIATIVEBROOKINGS METROPOLITAN POLICY PROGRAM Summary The United States traded over $4 trillion worth of international goods in 2014, ranging from raw agriculture to advanced precision instruments. The enormous variety of exports and imports powers American industries, allowing industrial and household consumers to enjoy cost-effective products and exporting producers to access global markets. Even […]
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BROOKINGS INSTITUTION
METROPOLITAN POLICY PROGRAM
Germany is an oft-cited example of an advanced economy that has been able to sustain manufacturing as a relevant source of employment, growth, and exports. Manufacturing in Germany accounts for 20 percent of employment, nearly twice the share as in the United States, and generates 22 percent of national GDP and 82 percent of total goods exports. German manufacturing succeeds in the global marketplace even as the sector pays higher average wages than in the United States.
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