It's very clever, with an altometer built into it, so if you slouch, it reminds you to sit up straight again. In June 2018 the number of unemployed people totalled 2.2 million. Copyright © 2020 Harvard Business School Publishing. German high-tech is in demand, not only in China. Americans need to recognize that the purpose of innovation isn’t to produce wildly popular internet services. For example, many, if not most, of the Chinese products we buy every day are produced by German-made machinery, and the companies that make them are thriving. Why is Technology Important? Germany’s style of innovation explains its manufacturing prowess. The foreign trade quota is currently 84.4 per cent – that’s the sum of imports and exports in relation to GDP. Much German innovation involves infusing old products and processes with new ideas and capabilities or recombining elements of old, stagnant sectors into new, vibrant ones. Brilliant! [Wikipedia, 2014] As a result, we don’t have healthy cohesive industries; we have isolated silos. Offsetting carbon emissions ID: ZRI-BSC-471559. An American PhD student in computer science never even thinks about a career in the automobile industry — or, for that matter, other manufacturing-related fields. It’s high time for the U.S. to revamp its innovation system. Germany’s innovations create and sustain good jobs across the spectrum of workers’ educational attainment; American innovation, at best, creates jobs at Amazon’s fulfillment centers and in Apple stores. All rights reserved. Some Germans are also worried about this. Even the reputation of the British was once very good (and in some specialist areas such as space technology, it still is). However the British had a problem, and that problem was called oil. Together with China and the USA, Germany is one of the three largest exporting nations. Euro bliss There is no doubt that Germany has benefited greatly from the euro. often publicly less well-known international market leaders. We explain the advantages and disadvantages. In Germany the share of industry in gross value added is 22.9 per cent, making it the highest among the G7 countries. Germany innovates in order to empower workers and improve their productivity; the U.S. focuses on technologies that reduce or eliminate the need to hire those pesky wage-seeking human beings. Berlin/Brandenburg is the strongest start-up region. Economic growth doesn’t happen at the moment of invention. Only innovation policies that target the complete innovation cycle will succeed in creating economic growth that enhances the welfare of all citizens. Germany is approaching full employment. When it comes to adapting groundbreaking new technology like blockchain, IoT as well as big data, Germany covers more than one-fourth of the European market. Few countries have contributed so much to science and technology as Germany. It’s the main reason why German is one of the easiest languages to learn for English speakers. Medium-sized enterprises form the heart of the German economy. The nice thing about them is that they are kickass in science/economy while still retaining a great culture of high art, unlike America who achieves its economic dominance at the cost of breading generations of worthless proles who consume complete garbage, and has had no worthwhile artistic output for at least 50 years. Make more money. The German law states that international students are allowed to work part-time for up to 20 hours a week or 120 full days of a year. 12 great reasons why you should start learning German today So you already have some perfectly good reasons for learning German ... Maybe you want to be able to communicate with relatives, or to travel to Germany during your summer break, or prepare yourself for study in a German-speaking country. German is a worthwhile choice. Why Is Germany So Popular? Combine this with an excellent work ethic, and the result was some of the greatest inventions ever seen on Earth. Ten million visitors attend around 150 international trade fairs and exhibitions each year. (We both drink it … And that’s exactly why technology is so important today and will always be. Why is Germany So Good at Manufacturing? Three factors that push the country ahead. The strongest sectors are vehicle construction, electrical industry, engineering and chemical industry. Good employment rate. This is the lowest level since reunification. So whether you are still on the fence about giving the language a try or if you are already a student of German and looking for reassurance that you are not wasting your time, read on to find out why learning German is a good idea. German companies are global leaders and have an extensive network of branches all around the world. Just by learning the language. They feel a bit rougher, a bit angrier, and a bit more animalistic than any other cars. Studying in Germany – the right choice for you! Indeed, as part of an effort to learn from Germany about effective innovation, U.S. states have encouraged the Fraunhofer Society, a German applied-science think tank, to set up no fewer than seven institutes in America. Germany has been an academic powerhouse for a long time, and as such education is the backbone of Germany’s technological advances. The world is smaller and life is fast. Deutschland Edition: download the magazine as an e-paper – and enjoy 56 pages on Germany and Europe free. There is nothing a German can do that a properly trained and incentivized American cannot. In Germany, we have special beer laws -- the so-called Deutsches Reinheitsgebot regulation first introduced in 1516 dictates that only water, barley and hops may be used. 1. Some German cars can be at the forefront of modern technology, others can be lagging behind a little bit. We need new policies that allow American innovation to be scaled up and produced on American soil, by American workers. In other words, innovation doesn’t end with invention. In 2010, just under 11% of the workforce was employed in manufacturing, and manufacturing contributed 13% of GDP. More than thirteen percent of students at German universities in 2018 came from all over the world - just like you. Germany is the world’s premier location for organizing international trade fairs. If German engineering is so good, why is mercedes reliability only Average? Baily says a big reason is that technology is advancing so fast that it will continue to displace even highly skilled manufacturing workers. One of the top reasons to learn German is to make more money. Nazi Germany put effort into developing weapons; particularly aircraft, rockets, submarines and tanks during the war. The U.S., by contrast, lets old industries die instead of renewing them with new technologies and innovation. In June 2018 the number of unemployed people totalled 2.2 million. The. Germany has been the home of some of the most prominent researchers in various scientific disciplines, notably physics, mathematics, chemistry and engineering. Some are beautiful, others are horrendously ugly. Technology has brought advancements in agriculture, due to which food produce has increased. True, Americans do well at inventing. If at all there is something to be worried about, it… Speech Rate Conversion Technology. In the U.S., by contrast, fewer and fewer people are employed in middle-class manufacturing jobs. The cost of other goods and services like food, amenities, public transport and so on is not high. There has to be a reason why so many people decide to hop on board the German train.When contemplating learning a new language, you might be asking yourself if the Teutonic tongue is really worth the time and effort. America, Poland and Ukraine are bitterly opposed, but it’s good for Germany so that’s alright then. Work Opportunities For International Students. German is easy to acquire What’s more important, Germany is better at adapting inventions to industry and spreading them throughout the business sector. So what will you benefit from a Masters study in Engineering in the homeland of Albert Einstein and Carl Benz? Why Should I Learn German? But the fairy tale that the U.S. is better at radical innovation than other countries has been shown in repeated studies to be untrue. Germany is one of the most powerful economies in the world while the German language is the most spoken native language in the European continent. Germany actively coordinates these factors, creating a virtuous cycle among them. Changes need to happen in how we transfer radical inventions from the lab to the marketplace, via a set of public-private institutions that do for America what the Fraunhofer centers do for Germany. Courtesy – technology. This leads to things like long, aggressive store names and job titles, as well as migraines for tourists and expats in Germany. According to The Federal Ministry of Education and Research, “the goal is for good ideas to be translated quickly into innovative products and services. The first is the considerably large role manufacturing plays in the overall economy. We roasted French, so now it's time for the German language to have its turn. In comparison, the USA quota is 26.7 per cent. People around the world learning how to speak German have long struggled with German's fearsome grammar, in which multiple funny words are stuck together to make more descriptive terms. This is the lowest level since reunification. release date: 07/25/2016 tags: Manufacturing A full 21% of Germany’s economy is fueled by manufacturing.Exporting nearly $1.4 trillion dollars of German manufactured goods each year to the U.S., Asia, and beyond, Germany is inarguably the world’s manufacturing powerhouse. This is the lowest level since reunification. Germany is approaching full employment. Starting from future employability to the emotional joy, there are countless reasons why learning German is very beneficial to you. For example, look at how much of a new BMW is based on innovation in information and communication technologies, and how many of the best German software programmers go to work for Mercedes-Benz. This sector of the economy embraces 99.6 per cent of German companies. 10 Compelling Reasons 1. Why is Germany so efficient? Science and technology in Germany have been very significant and research and development efforts form an integral part of the country's economy. Foreign direct investment has reached a record level. In June 2018 the number of unemployed people totalled 2.2 million. 2. The largest German employers are Volkswagen (642,000 employees worldwide), Deutsche Post (519,000), Robert Bosch (402,000), Schwarz-Gruppe (retail, 400,000) and Siemens (372,000). A long History to draw from … More than 1,000 of these companies are so-called hidden champions, i.e. According to the Economist, German learners will have an accumulated bonus earnings of 125,000 euros. Germany has a network of public institutions that help companies recombine and improve ideas. Planned obsolescence? Europe - why is German coffee so good? Germany good, no question about that at all. As a consequence, Germany doesn’t only seek to form new industries, it also infuses its existing industries with new ideas and technologies. But there are ten good reasons why, according to CNN Money, that our German friends enjoy a unique advantage. Since then, the brand has … There's nothing new about hackers breaking into systems, or fraudulent acts, like identity theft and piracy, in the cyberspace. The ad campaign works because people associate German design and manufacturing with qual For years, Audi advertisements have used the slogan “Vorsprung durch Technik.” Only a fraction of the millions who have read or heard the words know what they mean (“Progress through technology… Inequality is on the rise, and the country’s balance of payments is getting worse. Whether or not this is a good thing is not for me to say, but it certainly makes German cars unique. As if extending Russia’s grip isn’t enough, Angela Merkel is also helping the Chinese reach out by refusing to exclude Huawei from Germany’s 5G network. Excerpt: Consumer Reports have been carrying out long-term reliability tests since 1972 and once placed Mercedes as number one for reliability. The truth is: Germany wins hands down. Ready for export: cars wait for shipping in Emden. Owing to the applications of technology, our standard of living has gone up. Germany is better at sustaining employment growth and productivity, while expanding citizens’ real incomes. After several weeks of use, Jonathan has noticed that even when he doesn't wear his lift device he remembers to sit up straight on his own. But what made Europe’s stalwart such a manufacturing success story? So why is the German economy so powerful, and what lessons can the rest of us learn from it? This is because innovative solutions are the factors that drive our prosperity and support our quality of life.” Germany and Russia are now close to completing a second Nord Stream pipeline. Judging by the importance of foreign trade for gross domestic product (GDP), Germany is the most open economy among the G7 states. Related Posts. Harvard Business Publishing is an affiliate of Harvard Business School. Technology companies in India have driven growth, created jobs, increased access to resources, education and healthcare, resulting in falling poverty levels and improved lifestyles. Knowledge of German therefore offers you extended access to information. Germany’s workforce is constantly trained, enabling it to use the most radical innovations in the most diverse and creative ways to produce and improve products and services that customers want to buy for higher prices. 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