While unification has undoubtedly had major effects on Germany's
political economy, the pattern of current policy-making preferences
was established at an earlier stage, in particular, at the
beginning of the 'Kohl-era' in 1982. This essentially neo-liberal
pattern can be seen to have dominated the modalities chosen to
guide Germany through the process of unifi cation and was mirrored
in developments in other OECD countries and in particular within
the EU. This book demonstrates that the three policy imperatives
(neo-liberal structural reform, European monetary integration, and
unification) produced a policy-mix which, together with other
structural economic and demographic factors, has had disappointing
results in all three areas and hampered Germany's overall economic
development.
General
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