Although globalisation and digitalisation have increased the disparity in market
incomes in Germany, as they have in other nations, the country continues to
enjoy a low level of net household income inequality compared to other OECD
countries thanks to its effective system of redistribution.
As a result,globalisation is regularly viewed more favourably in Germany than in other major
European countries or the overall EU average. Despite the heated debate about
free trade agreements, globalisation is not such a topic of populist resentment in
export-driven Germany as is currently the case in the US.
The adaptability of the private sector – the product of favourable systemic
parameters – is currently evident in what is still Germany’s most prominent
industrial sector, the automotive industry. The crisis among the world’s largest
carmakers prompted a radical readjustment at all three of the country’s largest
car firms, who reacted with the resolve they had demonstrated on previous
While Germany is not currently the world’s leader in this sector, it
has set its focus on electromobility as well as the hydrogen-powered cars of the
future. The country is also the leader in patents for autonomous vehicles,
another future innovation involving the digitalisation of transport and mobility.