'Global economy is really a global one now'

Economy | Information | History | Online | Facts | World | Global | Money

1. Germany and Korea need natural resources to produce goods keeps warm in cold weather, transportation etc... Oil, natural gas, iron ore etc. Germany for example is not independant in this respect. imports massively exceed oil production/ reserves, also for natural gas, etc... Would telecommunications function? is anything outsourced, internet? Satellite communications?, Border issues if a collapse happened could you protect the integrity of the nation, from waves of immigrants, etc...?
2. Everything is rather relative. The Anglo-american economies will face the largest problems since they rely almost completely on the financial system without a significant manufacturing sector so they will have nothing to barter. Germany and Korea,however, can exchange goods they produce in a physical manner thus being to sustain minimum economy. Especially Korea since it is builds ships for transport.
3. I very much disagree on this. If everything broke down I think most countries could adapt internally to support their populations to a large extent with a sufficient amount of time in order to reorganize the country (5 to 10 years). You need to take into account things like energy (oil.etc), food production, natural resources. Massive task for nation of 80 million. No country at present is capable of withstanding a sudden collapse without massive problems, everything is too globalised.
4. With a manufacturing-based economy, barter trade is viable and I heard decades ago at school that Germany has been prepared for such situations for a long time. In addition, I think that the old DM is still stored somewhere.
5. But companies like Mittelstand wouldnt be viable either if the financial system collapsed. Everything would become completely unmanagable (staff, suppliers, exports, etc). I dont think a collapse of this sort is likely though.
6. Germany;s main export products are industrial goods produced by smaller companies(Mittelstand) that cannot be substitited. Totally different from our economy which relies on 1-2 big companies.
7. I think Germany would be fucked. If the financial system stopped altogether then how many bananas or cows would a volkwagen sell for?
8. If the international financial system would collapse entirely, only Germany and Korea would still have working economies since both countries have balanced economy systems. Such economies can continue working by barter trade etc.
9. I think Germany is the most balanced of the major economies and as far as I know it is less indebted in the private sector compared to say Britain. Like the rest of the world though the economy isnt independant enough of outside forces (trade, financial flows). Also internally it can be vulnerable if liquidity is drawn out of the capital markets by the international banking cartel and central banks.
10. Germany is a good example of balance; its service industry is No.2 after the US while it has a manufacturing base of B2B products dominated by smaller specialized companies(Mittelstand). It was the world's largest exporter until last year.
11. Why is the media (especially in the US) so out of touch with reality (even in Russia)? I keep hearing about green shoots and now Ben Bernanke has declared the recession over! How can that be possible with unemployment going up? The rate of UE is high and going up. This can't be a good thing, no matter how you look it and the fact that the US economy is 71% consumer spending means that the future looks bleak as well.
12. Th global economy is truly global but this arrengement is not good and continuing the process of globalisation and global governance will make matters worse. What is needed is a community of autonomous independant nations accountable to their citizens.
13. Manufacturing is an important pillar. But you dont want too much of it either like say China. A balance is required.
14. actually is over 12% official numbers and over 19% unofficial.
15. unemployment is only 8.3% in Russia. Usa is 9.7%
16. Manufacturing is most important of all.