Ende 1989, vor fast zehn Jahren, ist in der DDR das sozialistische System zusammengebrochen. Damit wurde der Weg geebnet für eine freiheitliche demokratische Ordnung auf der Grundlage der Sozialen Marktwirtschaft. Ein Jahr später waren beide Teile Deutschlands wieder vereint. Der...

The process of selling a state-owned company in former centrally planned economies (CPEs) differs greatly from that of buying a private company in western market economies. While a private seller is normally interested in selling his portfolio expensively, a privatizing agency in CPEs has...

In a transforming economy there is a common legacy of most companies: their low competitiveness as the result of an obsolete capital stock and overmanning, insufficient product quality that does not satisfy demand, distorted specialization patterns, high and partly ill-designed integration,...

Economic restructuring in the transition from plan to market concerns the way enterprises try to achieve competitive advantage. Therefore, enterprises have to decide where to compete, that is to say with which product they should enter which markets, and how to compete, that is by which strategy...

The paper is intended to explore the prospective direction of structural adjustment in eastern Germany in the light of recent developments. The authors do argue that the Mezzogiorno-picture, a completely de-industrialized region between the Elbe- and the Oder-river, is not convincing. In the...

Seven years after the transition from plan to market, it is hard to summon up much enthusiasm for the results of active restructuring of the eastern German economy. Although companies have made considerable efforts to reach the efficiency level of their western German counterparts, the gap is...

In den neuen Bundesländern hat das wirtschaftliche Wachstum merklich an Schwung verloren. Die konjunkturelle Stockung in weiten Teilen Westeuropas hinterläßt hier tiefe Spuren. Die Zahl der Unternehmen, die sich in existentiellen Schwierigkeiten befindet, nimmt in letzter Zeit...