| Summary/Abstract |
GERMANY has traditionally been and remains a net exporter of capital. According to UNCTAD estimates, the cumulative amount of German foreign direct investment abroad (outward FDI stock) at the end of 2013 was more than double the stock of foreign direct investment in Germany: $1.7 trillion and $851 billion, respectively.Increasing competition in global markets compels not only large, but also many medium-sized German companies to modify their foreign economic strategy by supplementing traditional exports of goods with an expansion of production facilities and distribution networks in other countries.
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