Munich has been rated as the most economically dynamic city in Germany by the German Economic Weekly and the American Newsweek. In 2006, the first three elite universities in Germany were released, with Munich alone being the second. In addition, Munich has been included in the list of the world's top ten livable cities for three consecutive years
Germany's economic achievements benefit from its high-tech industrial strategy formulated in the 1960s: the development of civilian electronic machinery is more important than atomic bombs. As a result, Germany quickly caught up with the United States and Japan in computers, semiconductors and integrated circuits, and Munich developed into Germany's most important new economic center. Microsoft President Bill Gates believes that Bavaria, with Munich as its core, is today "the Mecca of European high-tech".
The US "Newsweek" calls Munich one of the top ten most economically dynamic cities in the world. There are 18,000 IT and biotechnology companies in the economic zone, making it Europe's "Silicon Valley". Its automobile, machinery, electrical, medical, and chemical industries rank among the top in Europe. It owns many world-renowned companies such as German BMW, Audi, Siemens, Infineon, and Mercedes-Benz Aerospace. It is the European headquarters of many multinational companies such as Microsoft and Cisco. The GDP of Bavaria, dominated by Munich, exceeded 400 billion euros in 2005, surpassing 19 of the 25 EU countries, and the per capita output value was more than 30,000 euros, higher than the German and European averages.
Munich is the most important university city in Germany. It has more than 10 universities such as the world-renowned Technical University of Munich and the University of Munich, with more than 100,000 registered students. Both schools were selected into the first batch of elite universities in Germany last year. The Technical University of Munich was founded by Ludwig II. It mainly focuses on engineering and natural sciences, as well as medicine, physical education, nutrition, environmental studies, computer science, etc. It has unique disciplinary advantages in Europe and has been ranked consistently in recent years. Ranking first in Germany. Founded in 1472, the University of Munich is one of the oldest universities in Germany, second only to the Free University of Berlin. It has strong strengths in corporate economics, medicine, law, sociology, physics, chemistry, forestry, veterinary medicine, etc. The two schools have more than 20 Nobel Prize-winning masters.
As the seat of the European Patent Office, the German Patent Office and the Patent Court, Munich has become one of the most active research bases in Europe, with the famous Max Planck Institute, Fraunhofer Institute and Goethe Institute The headquarters is here. 3% of the city's annual GDP is spent on research and development.
Source network