The Kiel Centre for Globalization (KCG) works on an interdisciplinary research agenda that evaluates the proliferation of global supply chains as an important aspect of globalization.

We use a unique cross-section survey of manufacturing firms from four European countries (France, Germany, Italy, Spain) linked with balance sheet data to study the relationship between key aspects of globalization and firm-level markups. The main...

The German current account surplus grew markedly over the last 15 years in relation to GDP, most recently reaching historically and internationally extraordinary levels. Apart from a large trade surplus, which has been the focus of numerous studies...

KBW 16: The German current account surplus in relation to GDP has reached record high levels in historical and international comparison over the last years. From an accounting perspective, the trade and the primary income surpluses, and here net...