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Economic environment and starting conditions of East German companies in 1990

In: Transition Strategies

Author

Listed:
  • Torsten Wulf

    (Erlangen-Nuremberg)

  • Harald Hungenberg

    (Erlangen-Nuremberg)

Abstract

A number of different studies on the transition process in East Germany has shown that in 1990, at the beginning of their adaptation processes, formerly state-owned industrial companies in East Germany faced a rather difficult situation. They lacked competitive products and financial resources, their operations were mostly inefficient, and they possessed a high surplus of employees – to name but a few of their problems.1 These deficits can be attributed to two main causes, the heritage from socialist times and the pace at which the institutional transformation from a socialist towards a market economy was carried out in East Germany.2

Suggested Citation

  • Torsten Wulf & Harald Hungenberg, 2002. "Economic environment and starting conditions of East German companies in 1990," Palgrave Macmillan Books, in: Transition Strategies, chapter 2, pages 13-27, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-4039-0771-4_2
    DOI: 10.1057/9781403907714_2
    as

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