The economics of German reunification: A review of the literature

This is a review, largely of German sources, of the literature on the establishment of a social market economy in the federal states formerly constituting the German Democratic Republic. It includes an investigation of progress already achieved in the attempt to meet the requirements of transformation, including privatization, marketization, the establishment of competitive conditions, the achievement of monetary and financial reorganization, the securing of sufficient public and private investments, etc. Some of the main obstacles to change are addressed, and aspects of German transformation of interest to other reconstructing economies are presented.