Daily Memo: Germany’s Economy, the Philippines’ Uncertainty, Maduro’s Defiance

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GPF Staff |February 4, 2019

In search of the third German economic miracle. Germany will publish a new industrial strategy tomorrow named “Industrial Strategy 2030” – mirroring China’s “Made in 2025” and Saudi Arabia’s “Vision 2040.” According to Die Welt, which received an advance copy of the report, the German government aims to boost manufacturing from 23.4 percent to 25 percent of the economy by 2030 in part by providing support for key German companies like Siemens, BMW and Deutsche Bank. The plan also identifies nine strategic sectors ranging from environmentally friendly technology to defense and aerospace equipment that will be the focus of the national strategy. Unlike China and Saudi Arabia, Germany has a track record of conceptualizing and implementing such ambitious plans, but even mighty Germany will face many obstacles before it can achieve these goals. Some of the elements, especially those aimed at boosting German industry, may also set the stage for future disagreements between

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