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Showing posts with the label Economic Growth in Germany

Benefits of Industrialization in Germany

  Have led to infrastructural development in form of air ports, roads, electrified railways, tunnels, bridges and power stations. These facilitate mobility, trade and commerce and movement of industrial raw materials and finished goods. Growth of towns and ports which offer social and economic benefits like better accommodation, recreation to improve people’s standard of living. Provision of market to agro-based industries such as meat packing, leather tanning, footwear and textileindustries through providing cotton, silk worms, hides and skins. Provision of employment opportunities hence a source of which improves on the standard of living. Source of foreign exchange through exportation of finished products such as electronics, televisions and radios. This is used to provide social services. Have promoted international relations between Germany, USA and Africa and European countries. Such good relations have promoted security and political stability and trade creation. Acquisition...