The Institutionalised Transformation of the East German Economy

The Institutionalised Transformation of the East German Economy

Author: Sabine Spangenberg

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 334

ISBN-13: 3642488544

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"It is, perhaps, worth stressing that economic problems arise always and only in consequence of change. So long as things continue as before, or at least as they were expected to, there arise no new problems requiring a decision, no need to form a plan. " (Hayek, 1945, p. 523) This book is based on my research for the degree of Doctor of Philosophy which I received from Lancaster University, England in the second half of 1997. It is an analysis of the structural transformation of the economic system in East Germany and the behavioural relations these changes imply. The approach of institutionalised transformation (not the least by the creation of the Treuhandanstalt) is examined with a theory-based framework which is derived from system-theoretical, evolutionary and constitutional-ethical considerations as well as from the newly developed adjustment model which has been constructed as a dynamic transformation approach. A relationship between norm changes, the new institutional framework of the economic system and the compatibility of the latter with changes of the remaining partial societal systems is recognised. Rigidity factors in the system's flexibility to react as well as the adjustment of economic behaviour to structural changes are analysed. The "marginal product of system change" is defined (section 2. 8. 2).


Book Synopsis The Institutionalised Transformation of the East German Economy by : Sabine Spangenberg

Download or read book The Institutionalised Transformation of the East German Economy written by Sabine Spangenberg and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: "It is, perhaps, worth stressing that economic problems arise always and only in consequence of change. So long as things continue as before, or at least as they were expected to, there arise no new problems requiring a decision, no need to form a plan. " (Hayek, 1945, p. 523) This book is based on my research for the degree of Doctor of Philosophy which I received from Lancaster University, England in the second half of 1997. It is an analysis of the structural transformation of the economic system in East Germany and the behavioural relations these changes imply. The approach of institutionalised transformation (not the least by the creation of the Treuhandanstalt) is examined with a theory-based framework which is derived from system-theoretical, evolutionary and constitutional-ethical considerations as well as from the newly developed adjustment model which has been constructed as a dynamic transformation approach. A relationship between norm changes, the new institutional framework of the economic system and the compatibility of the latter with changes of the remaining partial societal systems is recognised. Rigidity factors in the system's flexibility to react as well as the adjustment of economic behaviour to structural changes are analysed. The "marginal product of system change" is defined (section 2. 8. 2).

Recasting East Germany

Recasting East Germany

Author: Chris Flockton

Publisher: Routledge

Published: 2012-11-12

Total Pages: 234

ISBN-13: 1136324984

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The transformation of east Germany since unification has wrought vast changes in the economy and in society and left deep scars as the types of social protection offered by the centralised socialism of the previous regime gave way to uncertainties and individualised life chances. Social Transformation in Eastern Germany investigates the deep economic and social processes which east Germany has undergone, highlighting the restructuring, the social impacts and the stresses of adjustment experienced by key social groups whose workplace and social context has been recast almost out of recognition since 1990.


Book Synopsis Recasting East Germany by : Chris Flockton

Download or read book Recasting East Germany written by Chris Flockton and published by Routledge. This book was released on 2012-11-12 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: The transformation of east Germany since unification has wrought vast changes in the economy and in society and left deep scars as the types of social protection offered by the centralised socialism of the previous regime gave way to uncertainties and individualised life chances. Social Transformation in Eastern Germany investigates the deep economic and social processes which east Germany has undergone, highlighting the restructuring, the social impacts and the stresses of adjustment experienced by key social groups whose workplace and social context has been recast almost out of recognition since 1990.

The economic transformation in the GDR with focus on the privatization by the "Treuhandanstalt"

The economic transformation in the GDR with focus on the privatization by the

Author: Jan H. Bühring

Publisher: GRIN Verlag

Published: 2014-07-29

Total Pages: 25

ISBN-13: 3656705089

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Seminar paper from the year 2013 in the subject Economics - Other, grade: 1,0, University of Wrocław (Master of Managerial Economics), course: Economic Policy, language: English, abstract: For an appropriate comprehension and consequently treatise of the German ‘Treuhandanstalt’ (THA) or shortened ‘Treuhand’, trust agency as literal translation and privatization agency as analogous translation, it is absolutely necessary to keep in mind the history and context. “It would be hard to devise a better controlled experiment for comparing different economic systems than the experience provided by East Germany and West Germany: two nations that formerly were one, occupied by people of the same background, the same culture, and the same genetic inheritance, torn apart by the accident of war. On one side of the Berlin Wall is a relatively free economic system; on the other side, a collectivist society” (Milton Friedman 1986, cited in Collier/Siebert 1991: 196). Milton Friedman was assuredly surprised when his ideal field for experimentation of comparing ran in another direction three years later. As commonly known, the mentioned Berlin Wall fell on 9 November 1989 and became the starting point of a never seen before transformation of the German Democratic Republic (GDR) according to his geographical and geostrategic position also known as East Germany. Nevertheless the statement of the recipient of the Nobel Memorial Prize in Economic Sciences and in general one of the most famous economists of the 20th century remains unaffected. The origin of the so-called ‘German reunification’ or ‘the turning point’ is unique; the still special circumstances liberated by the fall of the Berlin Wall, which only formed part of a series of the demolishing Iron Curtain, led to incomparable possibilities regarding transformations in many countries in Central and Eastern Europe (CEE). The formal political accession, occurred on the 3rd October 1990, is a quite famous date and its anniversary is nowadays the national day, the ‘day of German unity’. The Federal Republic of Germany (FRG), previously known as West Germany, from this day forth consisted of sixteen federal states, eleven old and five new ones. But another, earlier aspect of the reunification is not so well known: the bilateral state treaty about the creation of a monetary, economic and social union (MESU) of 18 May 1990, that came into effect on 1 July 1990. This was the comprehensive economic integration of the command economy GDR in the capitalistic, more precisely social market economy, FRG.


Book Synopsis The economic transformation in the GDR with focus on the privatization by the "Treuhandanstalt" by : Jan H. Bühring

Download or read book The economic transformation in the GDR with focus on the privatization by the "Treuhandanstalt" written by Jan H. Bühring and published by GRIN Verlag. This book was released on 2014-07-29 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2013 in the subject Economics - Other, grade: 1,0, University of Wrocław (Master of Managerial Economics), course: Economic Policy, language: English, abstract: For an appropriate comprehension and consequently treatise of the German ‘Treuhandanstalt’ (THA) or shortened ‘Treuhand’, trust agency as literal translation and privatization agency as analogous translation, it is absolutely necessary to keep in mind the history and context. “It would be hard to devise a better controlled experiment for comparing different economic systems than the experience provided by East Germany and West Germany: two nations that formerly were one, occupied by people of the same background, the same culture, and the same genetic inheritance, torn apart by the accident of war. On one side of the Berlin Wall is a relatively free economic system; on the other side, a collectivist society” (Milton Friedman 1986, cited in Collier/Siebert 1991: 196). Milton Friedman was assuredly surprised when his ideal field for experimentation of comparing ran in another direction three years later. As commonly known, the mentioned Berlin Wall fell on 9 November 1989 and became the starting point of a never seen before transformation of the German Democratic Republic (GDR) according to his geographical and geostrategic position also known as East Germany. Nevertheless the statement of the recipient of the Nobel Memorial Prize in Economic Sciences and in general one of the most famous economists of the 20th century remains unaffected. The origin of the so-called ‘German reunification’ or ‘the turning point’ is unique; the still special circumstances liberated by the fall of the Berlin Wall, which only formed part of a series of the demolishing Iron Curtain, led to incomparable possibilities regarding transformations in many countries in Central and Eastern Europe (CEE). The formal political accession, occurred on the 3rd October 1990, is a quite famous date and its anniversary is nowadays the national day, the ‘day of German unity’. The Federal Republic of Germany (FRG), previously known as West Germany, from this day forth consisted of sixteen federal states, eleven old and five new ones. But another, earlier aspect of the reunification is not so well known: the bilateral state treaty about the creation of a monetary, economic and social union (MESU) of 18 May 1990, that came into effect on 1 July 1990. This was the comprehensive economic integration of the command economy GDR in the capitalistic, more precisely social market economy, FRG.

After the Fall of the Wall

After the Fall of the Wall

Author: Martin Diewald

Publisher: Stanford University Press

Published: 2006-09-26

Total Pages: 420

ISBN-13: 9780804779456

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The fall of the Berlin Wall in 1989 was the beginning of one of the most interesting natural experiments in recent history. The East German transition from a Communist state to part of the Federal Republic of Germany abruptly created a new social order as old institutions were abolished and new counterparts imported. This unique situation provides an exceptional opportunity to examine the central tenets of life course sociology. The empirical chapters of this book draw a comprehensive picture of life course transformation, demonstrating how the combination of life course dynamics coupled with an extraordinary pace of system change affect individual lives. How much turbulence was created by the transition and how much stability was preserved? How did the qualifications and resources acquired before 1989 influence the fortunes in the restructured economy? How did the privatization and reorganization of firms impact individuals? Did the transformation experiences differ by age/cohort and gender? How stable were social networks at work and in the family? Were personality characteristics important mediators of post-1989 success or failure or were they rather changed by them? How specific were the East German life trajectories in comparison with Poland and West-Germany?


Book Synopsis After the Fall of the Wall by : Martin Diewald

Download or read book After the Fall of the Wall written by Martin Diewald and published by Stanford University Press. This book was released on 2006-09-26 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fall of the Berlin Wall in 1989 was the beginning of one of the most interesting natural experiments in recent history. The East German transition from a Communist state to part of the Federal Republic of Germany abruptly created a new social order as old institutions were abolished and new counterparts imported. This unique situation provides an exceptional opportunity to examine the central tenets of life course sociology. The empirical chapters of this book draw a comprehensive picture of life course transformation, demonstrating how the combination of life course dynamics coupled with an extraordinary pace of system change affect individual lives. How much turbulence was created by the transition and how much stability was preserved? How did the qualifications and resources acquired before 1989 influence the fortunes in the restructured economy? How did the privatization and reorganization of firms impact individuals? Did the transformation experiences differ by age/cohort and gender? How stable were social networks at work and in the family? Were personality characteristics important mediators of post-1989 success or failure or were they rather changed by them? How specific were the East German life trajectories in comparison with Poland and West-Germany?

Public Administration in Germany

Public Administration in Germany

Author: Sabine Kuhlmann

Publisher: Springer Nature

Published: 2021-01-29

Total Pages: 415

ISBN-13: 3030536971

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This open access book presents a topical, comprehensive and differentiated analysis of Germany’s public administration and reforms. It provides an overview on key elements of German public administration at the federal, Länder and local levels of government as well as on current reform activities of the public sector. It examines the key institutional features of German public administration; the changing relationships between public administration, society and the private sector; the administrative reforms at different levels of the federal system and numerous sectors; and new challenges and modernization approaches like digitalization, Open Government and Better Regulation. Each chapter offers a combination of descriptive information and problem-oriented analysis, presenting key topical issues in Germany which are relevant to an international readership.


Book Synopsis Public Administration in Germany by : Sabine Kuhlmann

Download or read book Public Administration in Germany written by Sabine Kuhlmann and published by Springer Nature. This book was released on 2021-01-29 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book presents a topical, comprehensive and differentiated analysis of Germany’s public administration and reforms. It provides an overview on key elements of German public administration at the federal, Länder and local levels of government as well as on current reform activities of the public sector. It examines the key institutional features of German public administration; the changing relationships between public administration, society and the private sector; the administrative reforms at different levels of the federal system and numerous sectors; and new challenges and modernization approaches like digitalization, Open Government and Better Regulation. Each chapter offers a combination of descriptive information and problem-oriented analysis, presenting key topical issues in Germany which are relevant to an international readership.

Transformations in Hungary

Transformations in Hungary

Author: Peter Meusburger

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 392

ISBN-13: 3642575846

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During the first decade after the turn towards democracy and market economy, Hungary's society experienced profound changes. The book analyses related political, legal, institutional and socio-economic structures and processes in order to contribute to a further understanding of Hungary's ongoing transformation processes and its current situation as one of the leading candidates for EU membership. The topics include constitutive elements of a modern market economy as well as education, income structures, the poverty situation, post-communist voting behaviour, regional and urban development and Hungary's cross-border co-operations. The role of Budapest within the European city system and Hungary's economic situation within Europe are also discussed. Drawing together comprehensive empirical data and a geat variety of viewpoints, the book offers innovative examples of the application of different theoretical approaches to transformation studies and studies of economy and society in general.


Book Synopsis Transformations in Hungary by : Peter Meusburger

Download or read book Transformations in Hungary written by Peter Meusburger and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the first decade after the turn towards democracy and market economy, Hungary's society experienced profound changes. The book analyses related political, legal, institutional and socio-economic structures and processes in order to contribute to a further understanding of Hungary's ongoing transformation processes and its current situation as one of the leading candidates for EU membership. The topics include constitutive elements of a modern market economy as well as education, income structures, the poverty situation, post-communist voting behaviour, regional and urban development and Hungary's cross-border co-operations. The role of Budapest within the European city system and Hungary's economic situation within Europe are also discussed. Drawing together comprehensive empirical data and a geat variety of viewpoints, the book offers innovative examples of the application of different theoretical approaches to transformation studies and studies of economy and society in general.

The Development of Equity Capital Markets in Transition Economies

The Development of Equity Capital Markets in Transition Economies

Author: Dirk Willer

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 136

ISBN-13: 3642998097

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This book addresses two different but related topics that can arise during the development of equity capital markets and which could possibly hinder their development: partial privatisation and shareholder rights. Both issues are developed in the context of transition economies in general and Russia in particular. Chapter 2 puts forward a theory of partial privatisation, i. e. a model that aims to explain why the state keeps some residual shares. Several recent surveys for Russia have shown that the state does often not actively use the voting rights of its residual shares. If this was true, partial privati sation could entrench management and hinder restructuring. It would also limit the supply of shares, which could lead to low liquidity. This would be likely to slow down the development of the equity capital market. However, the model in chapter 2 shows that it can be rational to hold back shares from sale in order to maximise privatisation receipts. Another issue which holds back the development of this market is the fact that shareholder rights can not be guaranteed by the state due to weak institutions. Chapter 3 contains an empirical examination of which firms honour shareholder rights and also provides a direct link between this problem and partial privatisation. Maybe surprisingly, some weak evidence is presented that shows that the residual state holding does not exert a negative influence with respect to the introduc tion of shareholder rights, but might even be a weak positive force.


Book Synopsis The Development of Equity Capital Markets in Transition Economies by : Dirk Willer

Download or read book The Development of Equity Capital Markets in Transition Economies written by Dirk Willer and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses two different but related topics that can arise during the development of equity capital markets and which could possibly hinder their development: partial privatisation and shareholder rights. Both issues are developed in the context of transition economies in general and Russia in particular. Chapter 2 puts forward a theory of partial privatisation, i. e. a model that aims to explain why the state keeps some residual shares. Several recent surveys for Russia have shown that the state does often not actively use the voting rights of its residual shares. If this was true, partial privati sation could entrench management and hinder restructuring. It would also limit the supply of shares, which could lead to low liquidity. This would be likely to slow down the development of the equity capital market. However, the model in chapter 2 shows that it can be rational to hold back shares from sale in order to maximise privatisation receipts. Another issue which holds back the development of this market is the fact that shareholder rights can not be guaranteed by the state due to weak institutions. Chapter 3 contains an empirical examination of which firms honour shareholder rights and also provides a direct link between this problem and partial privatisation. Maybe surprisingly, some weak evidence is presented that shows that the residual state holding does not exert a negative influence with respect to the introduc tion of shareholder rights, but might even be a weak positive force.

Transformation of Social Security

Transformation of Social Security

Author: Katharina Müller

Publisher: Springer Science & Business Media

Published: 1999-09-17

Total Pages: 324

ISBN-13: 9783790812107

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This collection of papers focuses on the recent pension reform experiences in Central-Eastern Europe, while starting from a broader theoretical and empirical context. It provides evidence for the political feasibility of radical pension reform, considered unlikely in the West. The approach is both multi-disciplinary and cross-regional: The book contains papers by economists, political scientists and sociologists. The authors come from Germany, Poland, Hungary, the Czech Republic, and the US. The volume consists of four parts: First, general questions of transformation and social security in post-1989 Central Eastern Europe are addressed, followed by an introduction into issues and role models in the international pension reform debate. Then, three Central European country cases are presented, analysing institutional legacies, recent reform measures and relevant political actors. A comparative section on Central-Eastern European pension reforms concludes this book.


Book Synopsis Transformation of Social Security by : Katharina Müller

Download or read book Transformation of Social Security written by Katharina Müller and published by Springer Science & Business Media. This book was released on 1999-09-17 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of papers focuses on the recent pension reform experiences in Central-Eastern Europe, while starting from a broader theoretical and empirical context. It provides evidence for the political feasibility of radical pension reform, considered unlikely in the West. The approach is both multi-disciplinary and cross-regional: The book contains papers by economists, political scientists and sociologists. The authors come from Germany, Poland, Hungary, the Czech Republic, and the US. The volume consists of four parts: First, general questions of transformation and social security in post-1989 Central Eastern Europe are addressed, followed by an introduction into issues and role models in the international pension reform debate. Then, three Central European country cases are presented, analysing institutional legacies, recent reform measures and relevant political actors. A comparative section on Central-Eastern European pension reforms concludes this book.

The Politics of International Political Economy

The Politics of International Political Economy

Author: Vassilis Fouskas

Publisher: Routledge

Published: 2014-08-13

Total Pages: 339

ISBN-13: 113650740X

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This timely book will explain, via a number of thematic and case studies, that international economics is not an independent terrain of economic activity reproducing itself throughout history, but a complex articulation of social, political and culturally determined actions that are inextricably linked. Chapters will address the role of dominant global powers in the making of global industrial and monetary relations, and, in particular, ways in which, and the degrees to which dominant economic and military powers, such as the USA, tend to shape the domestic economic environments of lesser powers after their own image. Supplementing the chapters will be a comprehensive A - Z glossary section, which will include key International Political Economy terms, e.g. international debt, European free trade area, International Bank for Reconstruction and Development, IMF, GATT-WTO, Foreign exchange, fixed exchange rates, floating exchange rates, reserve currency, gold-dollar parity, multinational corporation, preferential trade agreement, hedge funds, etc. Entries will be cross-referenced for ease of use. This book will be ideal for researchers and students in the areas of politics, international relations and international economics, as well as for academics, economists, business people, and those with an interest in the workings of international political economy.


Book Synopsis The Politics of International Political Economy by : Vassilis Fouskas

Download or read book The Politics of International Political Economy written by Vassilis Fouskas and published by Routledge. This book was released on 2014-08-13 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely book will explain, via a number of thematic and case studies, that international economics is not an independent terrain of economic activity reproducing itself throughout history, but a complex articulation of social, political and culturally determined actions that are inextricably linked. Chapters will address the role of dominant global powers in the making of global industrial and monetary relations, and, in particular, ways in which, and the degrees to which dominant economic and military powers, such as the USA, tend to shape the domestic economic environments of lesser powers after their own image. Supplementing the chapters will be a comprehensive A - Z glossary section, which will include key International Political Economy terms, e.g. international debt, European free trade area, International Bank for Reconstruction and Development, IMF, GATT-WTO, Foreign exchange, fixed exchange rates, floating exchange rates, reserve currency, gold-dollar parity, multinational corporation, preferential trade agreement, hedge funds, etc. Entries will be cross-referenced for ease of use. This book will be ideal for researchers and students in the areas of politics, international relations and international economics, as well as for academics, economists, business people, and those with an interest in the workings of international political economy.

The Transition in Eastern Europe, Volume 1

The Transition in Eastern Europe, Volume 1

Author: Olivier Jean Blanchard

Publisher: University of Chicago Press

Published: 2008-04-15

Total Pages: 288

ISBN-13: 0226056813

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When communism fell in 1989, the question for most Eastern European countries was not whether to go to a market economy, but how to get there. Several years later, the difficult process of privatization and restructuring continues to concern the countries of the region. The Transition in Eastern Europe, Volumes 1 and 2 is an analysis of the experiences of various countries making the transition to market economies and examines the most important challenges still in store. Volume 1, Country Studies, gives an in-depth, country-by-country analysis of various reform experiences, including historical backgrounds and discussions of policies and results to date. The countries analyzed are Poland, Czechoslovakia, Hungary, eastern Germany, Slovenia, and Russia. Written by leading economists, some of whom helped shape local and national reforms, this volume identifies common progress, common difficulties, and tentative solutions to the problems of economic transition. Volume 2, Restructuring, focuses on specific issues of transition, including how to design labor market institutions, privatization, new fiscal structures, and bankruptcy laws; how to reorganize foreign trade; and how to promote foreign direct investment. The articles, written by experts in the field, will be of direct help to those involved in the transition process. These volumes provide a standard reference on economic transition in the region for policymakers in Eastern Europe and in western countries, for international agencies concerned with the transition process, and for anyone interested in learning about the dramatic changes that have recently occurred in Eastern Europe.


Book Synopsis The Transition in Eastern Europe, Volume 1 by : Olivier Jean Blanchard

Download or read book The Transition in Eastern Europe, Volume 1 written by Olivier Jean Blanchard and published by University of Chicago Press. This book was released on 2008-04-15 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: When communism fell in 1989, the question for most Eastern European countries was not whether to go to a market economy, but how to get there. Several years later, the difficult process of privatization and restructuring continues to concern the countries of the region. The Transition in Eastern Europe, Volumes 1 and 2 is an analysis of the experiences of various countries making the transition to market economies and examines the most important challenges still in store. Volume 1, Country Studies, gives an in-depth, country-by-country analysis of various reform experiences, including historical backgrounds and discussions of policies and results to date. The countries analyzed are Poland, Czechoslovakia, Hungary, eastern Germany, Slovenia, and Russia. Written by leading economists, some of whom helped shape local and national reforms, this volume identifies common progress, common difficulties, and tentative solutions to the problems of economic transition. Volume 2, Restructuring, focuses on specific issues of transition, including how to design labor market institutions, privatization, new fiscal structures, and bankruptcy laws; how to reorganize foreign trade; and how to promote foreign direct investment. The articles, written by experts in the field, will be of direct help to those involved in the transition process. These volumes provide a standard reference on economic transition in the region for policymakers in Eastern Europe and in western countries, for international agencies concerned with the transition process, and for anyone interested in learning about the dramatic changes that have recently occurred in Eastern Europe.