German Unification and the International Economy

The 1990s have already witnessed major changes to the internationalmacroeconomy. The savings of the worlds two major creditor nations Japan andGermany are likel... » 

The 1990s have already witnessed major changes to the internationalmacroeconomy. The savings of the worlds two major creditor nations Japan andGermany are likely to shrink further while investment demand risesdramatically particularly in Eastern Europe. The resulting global investmentflows will have profound macroeconomic and growth effects including the impacton the potential for higher real interest rates and resource shifts.Germany has been uniquely involved in these changes and its experience isimportant both in its own right and in its wider applications for the furtherintegration of Eastern and Western Europe. German Unification and theInternational Economy examines these issues with Germany as its focus. A groupof leading economists from the five German Economic Institutes and leadingeconomists on North America provide a comprehensive analysis of the process ofGerman reunification why it took shape as it did and why it happened with suchspeed. They explorethe case of Germany the impact upon the rest of Europe andthe spillover for the international macroeconomy. «