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The Fruits of Fascism - Postwar Prosperity in Historical Perspective (Paperback, New)
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The Fruits of Fascism - Postwar Prosperity in Historical Perspective (Paperback, New)
Series: Cornell Studies in Political Economy
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The West German "economic miracle," Simon Reich suggests, may be
best understood as a result of the discriminatory economic policies
of the Nazi regime. Reich contends that ideological and
institutional characteristics originating under fascism were
sustained despite Germany's return to democracy and heavily
influenced the economic success of its automobile industry. By
contrast, the liberal economic policies of the British state led in
time to the decline of an industrial sector that in 1930 had
closely resembled its German counterpart. Through detailed
comparative histories of German and British automobile firms, Reich
challenges traditional explanations of the divergent performances
of the two nations' economies and sheds new light on the
relationship between state policy and economic success in pre- and
postwar Europe. Liberal, nondiscriminatory British policies
favorable to multinational investment contributed significantly to
the decline of domestic firms, he argues, so that eventually
multinationals could threaten the health of the entire British
economy by investing elsewhere. The Nazi state, however, thwarted
the development of American subsidiaries and fostered a core of
producers, government officials, bankers, and labor union leaders.
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