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Privatization in East Germany: Can the Treuhandanstalt provide a model?

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  • Gupta, Asha

Abstract

The dynamics of privatization in the Eastern Germany can be better understood in terms of the 'economic polities' applied to the 'political markets'. The Treuhandanstalt played a key role in transforming the entire economy of the former GDR into the market economy in the wake of unification of East Germany with West Germany. The present study discusses the agency's structure, functions and responsibilities, on the one hand and financing, functioning and evaluation, on the other. Although the Treuhandanstalt provides a unique example of privatization by the state and the market, it cannot be duplicated or copied in toto.

Suggested Citation

  • Gupta, Asha, 1998. "Privatization in East Germany: Can the Treuhandanstalt provide a model?," Kiel Working Papers 849, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:849
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    References listed on IDEAS

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    1. Grosfeld, Irena & Roland, Gérard, 1995. "Defensive and Strategic Restructuring in Central European Enterprises," CEPR Discussion Papers 1135, C.E.P.R. Discussion Papers.
    2. Kerstin Gerling, 2008. "The Real Consequences of Financial Market Integration when Countries Are Heterogeneous," Working Papers 141, Oesterreichische Nationalbank (Austrian Central Bank).
    3. Osama J. A. R. Abu Shair, 1997. "Privatization and Development," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-25374-6.
    4. Gerling, Katja & Schmidt, Klaus-Dieter, 1997. "On the competitive position of Eastern German manufacturing: Why is catching-up so slow?," Kiel Working Papers 825, Kiel Institute for the World Economy (IfW Kiel).
    5. Cassell, Mark K., 1996. "The Treuhandanstalt, privatization and the role of the courts," Discussion Papers, Research Unit: Economic Change and Employment FS I 96-316, WZB Berlin Social Science Center.
    6. Mr. Dieter Bös, 1992. "Privatization in East Germany: A Survey of Current Issues," IMF Working Papers 1992/008, International Monetary Fund.
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    JEL classification:

    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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