Chapter 124 Improved Germans and Brits

Now the Japanese people do not understand that Japan itself is a risk. You only need to look at the actions of Japanese international companies to understand this.They transcend national borders in pursuit of more favorable production locations, labor and markets.Because in an era of economy without borders, the practice of sticking to one's own country is inherently risky. In fact, international companies do not expect anything from their home country.Of course, the mother country hopes that these companies will be stronger, but in their mind, "Even if the mother country fails, we can survive in the world."

Individual citizens should also form such awareness and take actions based on this awareness.Especially in Japan, a closed country with many restrictions, the more you stick to the country, the greater the loss. Taking Germany as an example, the Germans in the past were just like the Japanese. They felt very at ease about depositing their money in a highly international bank like the German Bank.However, under the impact of globalization, citizens have begun to study hard, and now they have formed a complex portfolio. The British are the same in this respect.They once fell into the corruptionism known as the "British disease", but Thatcher's coming to power has brought about a great change in the consciousness of the British.It is not so much a change as a return to its original state.

In the 1993 per capita GDP ranking, Japan ranked first, and the United Kingdom ranked 18th.In 2005, Japan ranked 14th and the UK 10th.In recent years, Japan has retreated to around 20. Britain has adjusted the financial market on a large scale, and every citizen can face risks and study hard.As a result, the UK's economy has continued to grow for 17 consecutive years. Not only have excellent fund managers emerged, London has also been revived as the center of the world's financial markets. Although the UK has invested a huge amount of money in pensions and insurance like Japan, we should note that their annual interest rate in the UK is 7% to 9%, which is enough to show how good the fund managers in the UK are.

In fact, almost all of the world's top fund managers are Anglo-Saxons.Excellent managers are often Jewish, but Anglo-Saxons are the NO.1 in the fund world. In short, today's global capitalism coincides with the Anglo-Saxon consciousness. Many of the best British managers now live in Edinburgh, Scotland.Edinburgh is very close to Carnoustie, Gleneagles, St Andrews golf courses.Although golf and fishing are symbols of a leisurely life, Edinburgh is also an important city that operates the world's financial markets.Of course, they are also active in New York, Hong Kong, Singapore, Dubai and more.

The Anglo-Saxons were already strong economically and financially, and they are still strengthening.In the UK, foreign-funded companies account for 50% of all listed companies, but the UK takes this kind of thing in stride.

---

Notes: