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

Productivity in eastern United States 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 individualistic countries of Western Europe. Similarly, the United States of the States grew faster than the Soviet Union. In fact, hotshot of the reasons cited for the downf solely of the commie block is its poor economic performance. looking at information provided by the OECD on GDP growing after WWII, we happen that from 1950 to 1973 seven countries governed by communist regimes in eastern Europe had, on average, much lower gain levels of GDP per capita than their capitalist counterparts in western Europe ( prorogue 1). During the geezerhood 1973 to 1992 when product in the west slowed down significantly wholly one of these communist countries succeeded in stagnating at zero growth while all the others even experienced a decline in quality in thei r economic production, i.e. had negative GDP growth rates. Table 1: Per Capita existing GDP Growth Average one-year 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 full phase of the moon essay, order it on our website: OrderCustomPaper.com

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