[crdb]

According to [1] around 170k of Volkswagen 370k employees are in Germany. That is a significantly higher proportion than is warranted by the size of the market. Hence export advantage.

Second, I did not claim that macroeconomics of the Euro period were sole responsible for the success of German companies. I said that one large contributing factor to the success or even survivability of German companies in export markets, versus other countries (such as the Koreans) was the fact that the euro allowed for de facto currency devaluation without any of the durable disadvantages associated (either the structural breakdown of the country that implies the devaluation, or the impact of inflation on savings, etc.)

I worded it in long form because it is a complex, high dimensional subject not suited for one sentence summaries. As is most of economics and politics.

[1] https://en.wikipedia.org/wiki/List_of_Volkswagen_Group_facto...