heidi (X) (asker) Apr 4, 2015:

@ Dianaft A big, big thank you for sharing your expert insights. Very helpful, indeed.

Diana Obermeyer Apr 4, 2015:

A note on Auslandswirtschaft Auslandswirtschaft is simply foreign economy. Common usage would be "die Wirtschaft des Auslands" (Auslandswirtschaft - foreign economy) vs. "das Wirtschaften im/mit dem Ausland" (foreign trade - Aussenwirtschaft). But in real life, those distinctions are not always applied.

Ramey Rieger (X) Apr 4, 2015:

@Dianaft Godot? That is a brilliant explanation, even I, humble translator of words and deeds most literary, understand it!

Diana Obermeyer Apr 4, 2015:

While the other countries benefit from that government spending on the demand side, Austria is disadvantaged. Instead of following suit, it changes the game by focusing its efforts on promoting investment – creating the right environment for businesses to set up, to attract foreign companies etc. and holds that the trickle-down effect will come into action, enabling it to keep up with its subsidised competitors (and as we know, eventually overtake us...)

Diana Obermeyer Apr 4, 2015:

Hi Heidi The term itself appears to be constructed for the purpose of this article – but we should be used to that! It’s quite a German thing to do, and I find “new” words in about 1 in 4 research papers/theses I work on. Take it apart: They are “begünstigt“ – they benefit. From what? From spending (Aufwendungen). What is the context? „In Österreich erfand man lange vor Ronald Reagan und seinen Inspiratoren eine sehr viel sozialere und seriösere Variante der späteren Reaganomics.“ What is Reaganomics? Supply-side theory = trickle down effect. So – other countries benefit from spending, but Austria achieves a competitive advantage through a strong application of supply-side economics. Therefore, the spending must be based on the opposite theory – demand side economics: “The idea is that to stimulate growth, a government should lower taxes on the middle and working class, and increase government spending. To combat rising inflation in an expanding economy, a government should raise taxes and reduce spending.” Now we know that this is indeed government spending as Ramey has read it which subsidises. Importantly, it subsidises demand by increasing spending power.

heidi (X) (asker) Apr 4, 2015:

If a German native speaker and translator with expertise in economics finds it difficult to understand the ST, then God bless us other lesser (translation) mortals ;-) Meanwhile, let's wait for 'Godot' to enlighten us :)

BrigitteHilgner Apr 4, 2015:

incomprehensible I have a degree in economics, I translate economics textbooks but I have no idea what "aufwendungsbegünstigte Auslandswirtschaft" is supposed to mean.

Sam Townshend Apr 3, 2015:

To my reading, it's 'a foreign economy which is the beneficiary of expenditure', although again I'm not sure - and it sounds awkward too. Sorry if this doesn't help :-(

Ramey Rieger (X) Apr 3, 2015:

Be patient it's Good Friday, could be many colleagues are off for the weekend.

heidi (X) (asker) Apr 3, 2015:

Not yet. Am looking forward to some more inputs on this.

Ramey Rieger (X) Apr 3, 2015:

Gotten any closer to a solution?

heidi (X) (asker) Apr 3, 2015:

Hello Ramey, It's not my field either :) In fact, I was casually browsing through the article online, when I got stuck at this part and thought of participating on KudoZ "from another perspective".

Ramey Rieger (X) Apr 3, 2015:

Hi Heidi good to see you from another perspective! this is not my field, but I read 'subsidized foreign economy.'