At the start of the century the economy and society were faced with challenges and interdependences, which could originally be found in the progressing globalisation in the fragmentation of the world markets and the threatened environment. In the context of increasing global networks for successful accomplishment of these meaningful challenges of the future, a democratically legitimate policy, as well as a well prepared corresponding organisation of the company is required.
Table of Contents
Globalisation
B. Consequences of restructuring the East European economy
Objectives and Topics
The document provides a comprehensive analysis of the challenges posed by globalized economic developments and the subsequent restructuring of the East European economy, specifically focusing on the socio-economic transition post-1990 and the search for effective policy interventions.
- The impact of global interdependencies on the environment and world resources.
- Technical progress and its associated risks in various sectors.
- The socio-economic transition in East European countries post-German reunification.
- Strategic policy measures and alternatives for economic stabilization.
- The relationship between productivity, wage development, and employment.
Excerpt from the Book
B. Consequences of restructuring the East European economy
The breakdown of the previous regime in the East European countries led to extensive changes. The reunification of Germany in 1990 fulfilled many of Germany’s wishes. This reversed the trend which existed after the Second World War when there was an arbitrary and artificially consummated separation of Germany. Shortly after saw the break up of the once mighty powerful Soviet Union. There followed a phase of euphoria based on the assumption that this marked the dawning of a new age. The hope existed, for freedom, human rights and peace and the removal of repression from the Cold War. Due to this those in the West expected a proven market economy that would result in rapid affluence, which every member of the public in the East had done without for a considerable time.
On the basis of regime politics the victory of democracy over communist dictatorship was considered to be a victory for a market economic system over the centralised state directed economy. In the East European countries the economy was as before, degenerated due to a lack of administration, as well as a concentration on every powerful gigantic arms industry. Suddenly the economy was able to demonstrate its elementary socio-economic power.
Summary of Chapters
Globalisation: This chapter analyzes the broad global challenges, including population growth, environmental strain, and the risks associated with rapid technological development.
B. Consequences of restructuring the East European economy: This section explores the economic and social transition of East European nations post-1990, highlighting the struggles with productivity, wages, and the necessity of state-supported economic measures.
Keywords
Globalisation, East European economy, market economy, restructuring, productivity, wage subsidies, capital subsidies, social policy, technological innovation, industrialisation, environmental sustainability, demographic growth, employment, state intervention, economic development.
Frequently Asked Questions
What is the fundamental focus of this document?
The document addresses the global challenges arising from international economic interdependencies and the specific economic restructuring processes that occurred in East European countries following the collapse of the socialist regimes.
What are the primary themes discussed?
The central themes include the long-term impact of global population and production growth on the environment, the influence of technical progress, and the microeconomic challenges of achieving market-compatible wages and productivity in a transitional economy.
What is the core objective of the analysis?
The objective is to evaluate how different economic policy interventions, such as salary or capital subsidies, can mitigate social and economic crises during large-scale systemic transitions.
Which scientific approaches are applied?
The document employs a socio-economic analytical framework to examine macroeconomic patterns, industrial output, and the efficacy of various state-led and market-based intervention models.
What topics are covered in the main section?
The main sections detail the systemic interdependencies of global crises (regional, systematic, chronological) and the specific economic hurdles faced by East Germany after reunification, such as deindustrialisation and tariff policy conflicts.
Which keywords characterize this work?
The work is defined by terms like globalisation, market restructuring, socio-ecological crises, and state subsidies.
How does the document describe the long-term impact of global challenges?
It classifies these impacts into regional (pollution, migration), systematic (increasing autonomy of technical and economic subsystems), and chronological interdependencies (today's neglect affecting future generations).
Why were market-based solutions considered problematic in the East European context?
They often failed to balance the divide between real productivity and wage expectations, leading to job losses and the need for state-led compensatory measures.
What role does the "yield risk structure" play in the author's argument?
It serves as a conceptual basis for evaluating how state help (via subsidies) can incentivize capital investment and job creation by lowering risks for potential investors.
- Arbeit zitieren
- Christian Kollorz (Autor:in), 2011, Globalisation, München, GRIN Verlag, https://www.hausarbeiten.de/document/183206
