German megacorps do just as much manufacturing in developing economies as American megacorps.
The Mittelstand doesn't do the sort of manufacturing that the rust belt did 40 years ago. These smaller firms existing today only because of big disparities in quality between their products and cheaper competitors. They benefit enormously from the German government's investment in applied research.
The Mittelstand doesn't do the sort of manufacturing that the rust belt did 40 years ago. These smaller firms existing today only because of big disparities in quality between their products and cheaper competitors. They benefit enormously from the German government's investment in applied research.
https://www.asme.org/engineering-topics/articles/manufacturi...