The law requires foreign workers to be paid at negotiated wages for home workers. As a result, companies that can relocate their production abroad are increasingly doing so. This does not mean that cheaper labor is now coming into the country. However, goods produced abroad at lower costs (e.g. prefabricated building elements) are now imported. For domestic banks, financing such production relocations (offshorings) is an attractive option. – See Offshoring – Cf. ECB Monthly Bulletin of January 2008, pp. 76 ff, esp. p. 79 f. (Mobility restrictions lead to slowdown in growth; pp. 88 f. Overviews; references).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
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