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Essay / Research Paper Abstract
This 3 page paper looks at the economic ramifications of this historic event. Bibliography lists 4 sources.
Page Count:
3 pages (~225 words per page)
File: RG13_SA1118ber.rtf
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Unformatted sample text from the term paper:
ideally, this is a value that capitalism embraces. However, some argue that this is simply an impossibility. Of course, Adam Smith wrote at a time when capitalism was idealized. It
was thought that if al nations were to engage in free trade, the world economy would be much better off. However, the fall of the Berlin wall and the subsequent
focus on capitalism does not seem to have been enough to make things better. In fact, while the 1990s were good to the world economically, this was largely driven by
a new growth sector that has subsequently seen its bubble burst. Further, the early 1990s were associated with a small recession, something that would follow the collapse of the wall.
In addressing economics, it seems as if the promise of the fall of the Berlin Wall never materialized. Today, the world economy is trying to dig itself out of
a serious mess, and many people wonder whether or not things will be right again. The fall of the Berlin wall did change things. One author puts it this way:
"The fall of the Berlin Wall in November 1989 was by all means historic. It led to the end of the Cold War, the re-unification of Germany, the break-up of
the Soviet Union, the predominance of capitalism over state-directed economies, the emergence of American hegemonic superpower, the radical political and economic transformation in Central and Eastern Europe, and eventually it
resulted in the re-unification of Europe" (Emmanoulidis, 2008). The transition that occurred after the fall of the Berlin Wall varied, and even the nations that had a great deal of
success still struggle with delayed reforms for key economic sectors (Shkolnikov & Nadgrodkiewicz, 2010). There had been systematic transformation in both Eastern and Central European countries even though there were
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