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Adjusting to Shocks in France, Germany and Japan

In: The Transformation of the World Economy

Author

Listed:
  • Robert Solomon

Abstract

Each in its own way, France, Germany and Japan have had to make substantial adjustments in economic policy and political orientation in the years since 1980. France shifted away from Mitterrand’s socialist electoral programme of 1981 towards the policies of Thatcher and Reagan. Germany had to adjust to the economic shock of unification and absorption of the former East Germany. Japan became a major capital exporter but in the late 1980s went on a speculative spree at home that gave way in the 1990s to its most severe recession since before the Second World War.

Suggested Citation

  • Robert Solomon, 1999. "Adjusting to Shocks in France, Germany and Japan," Palgrave Macmillan Books, in: The Transformation of the World Economy, edition 0, chapter 5, pages 51-75, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-333-98349-2_5
    DOI: 10.1057/9780333983492_5
    as

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