„Aufbau Ost“ (Reconstruction East): Was There Something Wrong?
Abstract The socialist economic system of the GDR collapsed in 1990. After reunification, the core objective of the Aufbau Ost was to create a business sector in the former GDR that could survive in international competition. The former socialist enterprises were privatised or closed down. The state...
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| Format: | Article |
| Language: | deu |
| Published: |
Sciendo
2021-04-01
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| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-021-2834-4 |
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| Summary: | Abstract The socialist economic system of the GDR collapsed in 1990. After reunification, the core objective of the Aufbau Ost was to create a business sector in the former GDR that could survive in international competition. The former socialist enterprises were privatised or closed down. The state has massively encouraged investment through subsidies. Eastern Germany now has an economic performance comparable to that of large parts of Western Germany (though not all of them). It is particularly noteworthy that the general living conditions in Eastern Germany today are similar to those in the West. The reconstruction of the East has achieved what could be achieved. |
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| ISSN: | 0043-6275 1613-978X |