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The economics of German unification : an introduction /
Thomas Lange, Geoffrey Pugh.
Cheltenham, UK ; Northampton, MA : Edward Elgar Pub., 1998.
xxiii, 209 p. : ill. ; 25 cm.
More Details
added author
Cheltenham, UK ; Northampton, MA : Edward Elgar Pub., 1998.
catalogue key
Includes bibliographical references (p. 193-204) and index.
A Look Inside
About the Author
Author Affiliation
Thomas Lange is Professor of Economics and Director of the Centre for International Labour Market Studies (CILM) at the Robert Gordon University, UK and also Contract Professor of Managerial Economics at the Polytechnic University of Bucharest, Romania Geoffrey Pugh is Principal Lecturer in European Economics at the Staffordshire University Business School, UK and Visiting Professor at Warsaw University, Poland and Tirana University, Albania
Full Text Reviews
Appeared in Choice on 1998-09-01:
Lange (Robert Gordon Univ., UK) and Pugh (Staffordshire Univ., UK) have each published several studies about Germany's postunification economy. These, and the work of many others (the bibliography is quite extensive), are reflected here. The authors explain the reasons for the "shock therapy" approach to what is referred to as "German Economic, Monetary and Social Union" (GEMSU), beginning with the monetary union of 1990 and including the privatization program of the Treuhandanstalt; the economic, fiscal, and social consequences of investment in and restructuring of the former East German economy for the fiscal health of the Federal Republic; and, in particular, the devastating effect on employment levels in east Germany (Lange's area of specialization). The text contains several lengthy methodological explanations that could have been placed in appendixes, and a good deal of repetition of facts and observations (even some verbatim reproduction of whole paragraphs from earlier chapters). For those reasons, and with regard to readability in general, The German Currency Union of 1990, ed. by Stephen F. Frowen and Jens Holscher (1997), which covers a similar range of topics, may be preferable. Numerous tables and figures. Recommended for research collections on German unification and transition economies. H. D. Renning emeritus, California State University, Stanislaus
This item was reviewed in:
Choice, September 1998
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Main Description
A model of clarity and organization, this relatively short book is marvellously handy for any researcher, student or practitioner engaged in international trade or policy making because issues are laid out clearly and answers presented persuasively with a sufficiently full explanation of sources and argument. A concise summary of the individual chapters contents and main arguments at the start, and a twelve-point conclusion (with a few subpoints) at the end, plus a well laid-out index, make it easy and convenient to find information quickly. Diethelm Prowe, Journal of Modern History The reader will find here the most important features of economic unification. Hans-Jürgen Wagener, Journal of Comparative Economics . . . [the] book not only provides an excellent introduction to the economics of German unification, but also raises interest in the field of systematic change in general. Jens Hölscher, Economic Journal . . . this monograph is a valuable addition to the so far only modest niche of English literature on German unification. Birgit Sander, Review of World Economics Recommended for research collections on German unification and translation economies. H.D. Renning, Choice The bottom line is that the book is a valuable contribution to the debate on the economic problems and opportunities of German unification. It will certainly stimulate an ongoing debate in the economic profession. P.J.J. Welfens, Journal of Economics and Business This book is written for everybody. Its value is that it is one of the rare attempts to give a short theory-based overview of German unification for a wide English-speaking readership, here from a macroeconomic perspective, together with the experiences gained in 1996 97. Uwe Siegmund, Economics of Transition Following German reunification in 1990, East Germany's centrally planned economy was abolished and replaced by West Germany's social market economy. Western Germany has since provided vast financial support to aid the transformation, and enable eastern Germany to catch-up with western Germany's productivity and living standards. This book evaluates the main events and their outcomes since mid-1990 and the associated policy issues. The authors assess the medium to long term growth prospects of eastern Germany and the wider implications for western Germany and Europe. The Economics of German Unification analyses the economic process of assimilating eastern Germany into the institutions and performance levels of western Germany. It includes original research as well as providing an overview of existing literature. Among the topics discussed are: the relative backwardness of East Germany's economy the impact of monetary and economic integration restructuring and privatization labour market and industrial policy, including an analysis of wage restraint and cost reduction the prospects for eastern Germany catching-up economically with western Germany the repercussions for German competitiveness nationally and within the wider European context This book will be welcomed by academics, researchers and undergraduates interested in the economics of transition, comparative economic systems, political economy and the European business environment.
Table of Contents
List of Figuresp. vii
List of Tablesp. ix
Introduction and Acknowledgementsp. xi
List of Abbreviationsp. xxiii
GEMSU - Switching from Socialism to Capitalismp. 1
The DDR Economy Revisitedp. 29
The 1948 Currency and Economic Reforms in Comparison with the 1990 Economic and Monetary Unionp. 45
Restructuring and Privatizationp. 63
The Labour Market in Post-Unification Eastern Germanyp. 92
Catching up with the West: The Achievements and Limitations of Creative Destructionp. 111
Convergence and Catch-Up: Results and Prospectsp. 135
International and Domestic Repercussions of German Unificationp. 152
Conclusionp. 180
Bibliographyp. 193
Indexp. 205
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