POL101Y1 Lecture Notes - Germany, Economic And Monetary Union Of The European Union, Chemical Industry
Document Summary
Chapter summarys pol372- reading #10- germany reunited: transformation of the east german economy. Overview: after reunification there has been drastic changes to the economy, specifically from east germany. This was because of a double transition: the transformation of the political and economic system, and the fordist crises due to the impact of globalization. This has been mainly centered around the chemical industry, which had been exploiting natural and economic resources at an unssutainble level. This article illustrates the aspect of the restructuring of activities to generate a self-sustaining regional economy within the chemical industry present in east germany. These were because of a number of aspects, which ranged from the dominance of branch operations with few local ties, a small industry, and the limitations of newly operating businesses. These aspects all play a part in restricting the capacity for growth in the east german chemical industry.
