Conclusion

Germany is an industry powerhouse in Europe and also the second largest exporter in the world. The rapid development in this country depends heaving on sound infrastructure. In considering the role of public sector in a business venture or privatization and entrepreneurial development, there are major roles that the sector plays. The public sector tends to establish a strong business platform for the country and promote the economies of scales and remove regional disparities. 

The public sector contributes a lot to the development of the country. With the economic development in the country, there has been a need for huge capital which the public sector has made the capital easily and readily available. The country’s public sector has also helped in the provision of employment, the contribution to the national income, and export earnings in the country. With export earnings, it helps in promoting businesses in the country and also the oversea businesses. Another role played by the public sector includes the development of the basic and key industries which help in generating profits for the country.

Germany has good education systems that contribute a lot to the economy of the company. The low unemployment rate in the country is because Germany acknowledges issues in the labor system and also consider taking actions through reducing the working hours per week, which is a strategy that allows more people to work. The economic strength of the country provides the country status, independence in its decision-making, and influence.  Germany is a successful country in regards to trade because it usually takes advantage in exporting more that importing and also building strong relations with the trading countries.  

Sherry Roberts is the author of this paper. A senior editor at MeldaResearch.Com in legitimate paper writing services if you need a similar paper you can place your order for custom college essay services.