Creation of the North American Free Trade Area (NAFTA) has focused attention on trade in intermediate goods and on offshore sourcing in the context of preferential trade liberalization. Although intermediate goods trade as a general phenomenon has been thoroughly examined in the literature, its...

The Federal Republic of Germany's exports in 1980 represented approximately 23% of GNP. Germany's share of total world exports, however, declined throughout the seventies. What are the factors influencing German export performance? What is the outlook for the future?