POL218Y5 Lecture Notes - Lecture 6: Varieties Of Capitalism, Ordoliberalism, Basic Law For The Federal Republic Of Germany
6 Apr 2020
School
Department
Course
Professor
Document Summary
There was the fall of the soviet union where the soviet leader failed and made in collapse completely in russia and then everywhere else after. Then you get the creation of democratic countries. As soon as it collapses germany questions what to do with the east. Kohl was strongly in favour of rapid unification and extend west german constitution to the east. Sdp wanted a slow reunification process and the east are backwards that would not be entirely beneficial since they have problems. Reunification ends up happening rapidly with a lot of implications. They made the treuhandt which was meant to sell off east institutions. There was 15 years of economic dislocation and there were huge budget deficits and stability came much later. This reunification makes germany much bigger and stronger combining that with the creation of the euro, it.
