German Unification

Wolfgang Streeck

in Re-Forming Capitalism

Published in print March 2010 | ISBN: 9780199573981
Published online October 2011 | e-ISBN: 9780191702136 | DOI:
German Unification

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Unlike internationalization and almost continuous gradual change, unification affected German politics and the German economy without warning and there was a need to address the problems that came along with this. Such events that cannot be predicted by internal causes are expected to either enforce a process of systemic self-stabilization for the restoration of a stable state or to change the system entirely by shifting to a new equilibrium, depending on the magnitude of the shock. However, it is only through wars, revolution, and other such events that social systems may be pressured to have ‘formative moments’ from one equilibrium condition to another. Thus, the discussion of the impact of German unification requires the investigation of empirical evidence to establish whether the changes were caused by events in 1989 and in 1990, and to arrive at a decision that concerns either restoring the old system or by establishing a new equilibrium.

Keywords: internationalization; unification; stabilization; new equilibrium; restoration

Chapter.  5039 words. 

Subjects: Political Economy

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