BADEN-WURTTERBERG

badenBaden-Württemberg  is a state/region of Germany located in the southwest, east of the Upper Rhine. It is Germany’s third largest state/region in terms of size and population, with an area of 35,742 square kilometres and 10.7 million inhabitants. The state capital and largest city is Stuttgart, one of Germany’s most important cities.

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Although Baden-Württemberg has relatively few natural resources compared to other regions of Germany, the state is among the most prosperous and wealthiest regions in Europe with a generally low unemployment rate historically. A number of well-known enterprises are headquartered in the state, for example Daimler AG, Porsche, Robert Bosch GmbH (automobile industry), Carl Zeiss AG (optics), and SAP SE (largest software enterprise in Europe) and Heidelberger Druckmaschinen (precision mechanical engineering). In spite of this, Baden-Württemberg’s economy is dominated by small and medium-sized enterprises. Although poor in workable natural resources (formerly lead, zinc, iron, silver, copper and salts) and still rural in many areas, the region is heavily industrialized. The Mittelstand or mid-sized company is the backbone of the Baden-Württemberg economy. Medium-sized businesses and a tradition of branching out into different industrial sectors have ensured specialization over a wide range. A fifth of the “old” Federal Republic’s industrial gross value added is generated by Baden-Württemberg.  The region depends to some extent on global economic developments, though the great adaptability of the region’s economy has generally helped it through crises. Half of the employees in the manufacturing industry are in mechanical and electrical engineering and automobile construction. This is also where the largest enterprises are to be found. The importance of the precision mechanics industry also extends beyond the region’s borders, as does that of the optical, clock making, toy, metallurgy and electronics industries. The textile industry, which formerly dominated much of the region, has now all but disappeared from Baden-Württemberg. Research and development (R&D) is funded jointly by the State and industry. Since 2001, more than a fifth of the 100,000 or so persons working in R&D in Germany were located in Baden-Württemberg.

A study performed in 2007 by the pr campaign “Initiative for New Social Market Economy” and the trade newspaper “Wirtschaftswoche” awarded Baden-Württemberg for being the “economically most successful and most dynamic state” among the 16 german states.

For all the information look up the Baden-Württemberg official website : http://www.baden-wuerttemberg.de/en/home/

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