Productivity in East and West Germany (1950-1990): Estimating Communism’s Burden

Productivity in vitamin E and West Germany (1950-1990): Estimating Communisms Burden During the cold-war, commie countries in atomic number 63 experienced lower economic maturation-rates on average than the private-enterprise(prenominal) countries of Western Europe. Similarly, the United States of the States grew faster than the Soviet Union. In fact, unrivaled of the reasons cited for the downf solely of the commie block is its poor economic performance. expression at information provided by the OECD on GDP ontogeny after WWII, we happen that from 1950 to 1973 seven countries governed by communist regimes in eastern Europe had, on average, much lower development levels of GDP per capita than their capitalist counterparts in western Europe ( plug-in 1). During the age 1973 to 1992 when evolution in the west slowed down significantly precisely one of these communist countries succeeded in stagnating at zero growth while all the others even experienced a exacerbate in their economic production, i.e. had negative GDP growth rates. Table 1: Per Capita existing GDP Growth Average annual compound growth rates Selected OEEC and OECD Member Countries and Seven East European Countries[1] | |1950 - 1973 |1973 - 1992 | |OEEC COUNTRIES | | | |Austria |4.9 |2.2 | |Belgium |3.5 |1.9 | |Denmark |3.1 |1.6 | |France |4.0 |1.

7 | |Germany |5.0 |2.1 | |Greece |6.2 |1.5 | |Ireland |3.1 |2.7 | |Italy |5.0 |2.4 | |Netherlands |3.4 |1.4 | |Norway |3.2 |2.9 | |Portugal...If you want to rush a intact essay, order it on our website: BestEssayCheap.com

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