Munich (dpa/lby) - According to a study by the German Economic Institute (IW), Bavaria as an industrial location ranks second in an international comparison - behind Switzerland and ahead of the USA, Denmark and the Netherlands. But the lead is shrinking. "While the emerging countries in Asia in particular are developing much more dynamically than our location, we are also deteriorating in direct comparison with industrialized countries such as the USA and Switzerland," said Bertram Brossardt, General Manager of the Bavarian Business Association (vbw), on Wednesday .
The Free State can score with the location factors infrastructure, state, knowledge and resources. "Bavaria is a strong and attractive industrial location," said Brossardt. In "dynamic sickness, however, it's only enough for the lower midfield. Our competitors are catching up more and more." Here, China leads the field for the seventh time in a row, with a large lead over Indonesia. "The challenge is all the greater as China is already the country with which Bavaria has the most intense competition."
The vbw regularly has the Cologne Consult Institute of the German Economy examine the dynamics of the development of Bavaria as an industrial location. In the most recent dynamic ranking, the Free State ranks 28th among the 45 countries examined. Ten years ago, the Free State was still in 10th place. Among the industrialized countries, South Korea occupied the best position this year with 11th place.
Above all, the cost disadvantage of Bavaria as a location has increased according to vbw: Here, the Free State is in second to last place - although the current price increases for energy have not yet been taken into account in the study. Better site conditions are a "permanent task and a guarantee of our future viability," warned Brossardt.
