Productivity in East and West Germany (1950-1990): Estimating Communism’s Burden

Productivity in easterly and West Germany (1950-1990): Estimating Communisms Burden During the cold-war, commie countries in atomic number 63 experienced lower economic maturation-rates on average than the laissez-faire(prenominal) countries of Western Europe. Similarly, the United States of the States grew faster than the Soviet Union. In fact, one of the reasons cited for the downf solely of the commie block is its poor economic performance. feel at information provided by the OECD on GDP result after WWII, we happen that from 1950 to 1973 seven countries governed by communist regimes in eastern Europe had, on average, much lower developing levels of GDP per capita than their capitalist counterparts in western Europe ( delay 1). During the historic period 1973 to 1992 when ripening in the west slowed down significantly entirely one of these communist countries succeeded in stagnating at zero growth while all the others even experienced a deterioration in their eco nomic production, i.e. had negative GDP growth rates. Table 1: Per Capita existing GDP Growth Average yearly compound growth rates Selected OEEC and OECD Member Countries and Seven East European Countries[1] | |1950 - 1973 |1973 - 1992 | |OEEC COUNTRIES | | | |Austria |4.9 |2.2 | |Belgium |3.5 |1.9 | |Denmark |3.1 |1.6 | |France |4.0 |1.

7 | |Germany |5.0 |2.1 | |Greece |6.2 |1.5 | |Ireland |3.1 |2.7 | |Italy |5.0 |2.4 | |Netherlands |3.4 |1.4 | |Norway |3.2 |2.9 | |Portugal...If you want to rush a honorable essay, order it on our website: BestEssayCheap.com

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