Germany is a highly developed capitalist country. As one of the four largest economies in Europe, its social security system is perfect and its citizens have a very high standard of living. The high-end manufacturing industry represented by automobiles and precision machine tools is also an important symbol of Germany. At present, Germany is the largest economy in Europe, one of the founding members of the European Union, and an important member of NATO, the Schengen Convention, the Group of Seven, the United Nations and other international organizations.