Restructuring of the East German Industry
The article deals with the institutional and real-economic restructuring of industry in the former GDR based on the transformation of society. It shows how the country overcame the difficulties, what were the effects of a transformational crisis and consequences for the property relations. Also discussed are the arranged measures aimed at reviving economic growth and the restructuring of industrial production related with the reindustrialization. In the final analysis the restructuring of institutions has defined the vector of development for the East German industry, which is stipulated by its integration into the all-German economic system but has a very limited potential for growth and catching-up development.
