The Transatlantic Trade and Investment Partnership (TTIP) - Germany and the Automotive Industry

Within the last 55 years, global trade has increased by almost 1,600%, whereas the global production of goods has only risen by 460%. Hence, it can be assumed that trade has a very important impact on the global market. The question which arises from this is what consequences the increased amount of trade will have and who will be affected by it? The Oxford Dictionary describes trade as “the activity of buying and selling or of exchanging goods or services between people or countries”. Based upon this definition, it will affect everyone who sells or buys certain goods or services. Nonetheless, this still fails to answer the question of what effects the increased amount of trade will have. Many economists have tried to answer this question, assuming different aspects and reaching different repercussions. The most popular ones are analyzed in this thesis to answer the question of what effects the increased amount in trade will have.