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Essay / Research Paper Abstract
This 4 page paper looks at the performance and tends in the German and the Japanese economies in the period following the end of the cold war and compares the patterns observed in the two economies. The bibliography cites 3 sources.
Page Count:
4 pages (~225 words per page)
File: TS14_TEJapGercold.doc
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Unformatted sample text from the term paper:
from the war as well as the economic stress created by the need for repatriations to be paid. Both countries have also faced further challenges as well as a growth
comparing the two areas makes an interesting comparison of two defeated countries and shows that while there were some similarities there were also significant differences. The developments that took place
after the Second World War ,ay be seen as impacting n the period following the Cold War. Looking first at Germany the country was divided into two. The country
was not reunified until 1990, time during with the cold war was thawing. The challenges faced here are seen to continue after the end of the cold war. When
reunification took place the east was reunified with the west. The east had been occupied by the Soviet Union with the communist economic model and had suffered from decades of
underinvestment as well as structural inefficacies, such as over employment, with state directed economies (Snower and Merkl, 2006). To support the change and rebuild the economy there were transfer payments
of 1,000 deutschmarks. The ability of those living in the east to purchase consumer goods led to a short term boom in the west, but this did not compensate for
the difficulties, which included increasing unemployment, a lack of internal capital for investment (Snower and Merkl, 2006). The reunification was difficult, there were two highly divergent economic systems, and
unity was gained by transforming the East to a market economy. These issues resulted in a weak performance in the 1990s, this was also hindered by increasing levels of international
competition as well as weak internal demand which led to a recession with unemployment topping more than 4 million at one point (Snower and Merkl, 2006). The recovery has seen
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