The travails of unification: East Germany's economic transition since 1989

Arbeitspapier

The former German Democratic Republic underwent a unique post-communist transition because it was absorbed into the wealthy Federal Republic of Germany and has received massive subsidies. Nonetheless, serious difficulties have persisted, including higher unemployment, rapid deindustrialization, and greater political loyalty to the successor parties of the former Communists than in the West. The reasons for these phenomena remain debated, but seem to the legacy of concealed structural weakness in the old GDR, perhaps the one-to-one conversion of East German savings into Deutschmarks, and the commitment to elevate wage levels in the East close to those prevailing in the FRG.

Angaben zum Objekt

• Sprache: Englisch
• ISBN: 978-92-9230-297-9

Verweise und Beziehungen

• Erschienen in: Series: WIDER Working Paper ; No. 2010/60

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Socialist Systems and Transitional Economies: General ; Socialist Enterprises and Their Transitions
• Thema: currency conversion ; deindustrialization ; market economy ; transition ; Treuhand ; unemployment

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Maier, Charles S.
• Ereignis: Veröffentlichung
• (wer): The United Nations University World Institute for Development Economics Research (UNU-WIDER)
• (wo): Helsinki
• (wann): 2010

Weitere Informationen

• Handle: http://hdl.handle.net/10419/54024
• Letzte Aktualisierung: 20.09.2024, 08:25 MESZ