Trade Surpluses and Economic Philosophy

economic philosophy: Economists have long criticized Germany s export-driven economic philosophy and large trade surpluses. The country s strategy, they say, comes at the expense of its struggling neighbors and has exacerbated the region s debt crisis by sapping demand, according to Wall Street Journal and German workers are getting a raise, which could give a bump to the rest of Europe and eventually the U.S. and other parts of the world. But now that Germany the biggest economy... (news.financializer.com). As reported in the news.