Towards the New Germany: the Logic of Rapid Unification and the Social Experiment of Radical Marketization in the GDR
With the establishment of a monetary, economic, and social union between the FRG and the GDR on 1 July 1990, two German states with fundamentally different socio-economic orders took their first large step towards a unified, new German political economy. The full political union of the two German states was completed on 3 October 1990 and elections to a new all-German parliament were held two months later, on December 2. The speed and radical character of the changes since the ‘November Revolution’ of 1989 in the GDR, which marked the end of over forty years of Communist rule in East Germany, has taken everybody by surprise — including those political actors whose decisions are shaping the emerging structural and institutional outlines of the new Germany.
KeywordsFederal Republic German State Economic Union German Unification East German State
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