Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/54024
Authors: 
Maier, Charles S.
Year of Publication: 
2010
Series/Report no.: 
Working paper // World Institute for Development Economics Research 2010,60
Abstract: 
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.
Subjects: 
currency conversion
deindustrialization
market economy
transition
Treuhand
unemployment
JEL: 
P20
P31
ISBN: 
978-92-9230-297-9
Document Type: 
Working Paper

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