The Economic Consequences of the German Reunification

November 10 Wednesday

Date/time

November 10, 2010

Loc.

Suzhou

With

Prof. Dr. Heiner Timmermann

Type

Lecture

As a part of his expert assignment in China, Prof. Dr. Heiner Timmermann held a lecture for a group of students of economics on the economic consequences of German unity.

Also available in Deutsch

Thomas Awe, director of the foreign office of the Konrad-Adenauer-Stiftung, initially explained the concept of political foundations as a distinctive feature of Germany to the students of the Xi’an Jiaotong Liverpool University and gave them a basic overview of the work of the Konrad-Adenauer-Stiftung in China. Prof. Dr. Timmermann, Friedrich-Schiller-University Jena, depicted the difficulties of a transition from a planned to a market economy. Firstly he characterized the economic system of the GDR and its economic situation in 1990. Then he outlined the currency reform, the exchange of Ostmark into D-Mark and the privatisation of former state-owned enterprise by the Treuhandanstalt. He mainly pointed out mistakes and shortfalls, which other countries could learn from in their economic transformation process.

During the following discussion differences between Germany at that time and the situation of Korea, as well as compared to the relations between mainland China and Taiwan today, were pointed out.

In the cause of the seminar political knowledge about the German reunification process and German history was conveyed and thereby the participants also gained a better understanding of the political situation in Germany today. Moreover, experiences with the transformation of a centrally planed economy were passed on to the students.

Deutsche Einheit Suzhou II
Deutsche Einheit Suzhou I

Contact person

Thomas Awe

Resident Representative in Japan | Regional Representative for Economic Policy

Thomas Awe
Phone +81 3 6426-5041
Languages: Deutsch,‎ English,‎ 中文