Economies of Spain and Germany Essay -- essays papers

Economies of Spain and GermanyEconomy of Germany Germanys Economic System the Federal Republic of Germanys economy has now flourished despite its harsh clock that have been faced doneout the decades. Most people know about Germany from its historic involvement in institution War II its successful exploit to unite East and West with the successful collapse of the Berlin Wall and its world class development and production of automobiles. Unfortunately, what most people dont know is that Germany continues to fight an uphill battle in keeping its established ranking among the worlds most important economic powers. A historic emotional state back at Germany shows that after its fall in World War II, it needed a massive rebuilding in order incur its location that it once held. Various events took place that helped it re-climb the pedestal ladder. The year 1948 brought a currency reform that was the turning point for economic reform. There was a continuous economic growth each year for Western Germany, but the strict, conservative ways of East Germanys communist rule still slowed true growth in the Gross Domestic Product (GDP). To make matters worse, the whole country experienced a significant drop in its GDP, causing a recession from 1976 through to 1985. There was a growth again for the next eight years before a major down ward spiral began in 1992. Germanys early 90s spiral was attributed to the reunification of the country between 1989 and 1990. Once the two countries formed their one republic, the economy took its major tumble. Economists have figured this to be true because West Germany continued to evolve with industrial and technological breakthroughs and standards, while the communist East Germany adhered to traditional, unproductive ways that in some cases dated back to the mid-forties and World War II times. So instead of combining to form an economic powerhouse, the GDP tumbled and caused a massive surge to restructure and work began to regain the decades of reform that were no longer noticeable. The Republic formed after reunification consists of 16 states, which is still looked at and measured as East and West Germany. disdain all of these states following the established free-market economy, there is still a noticeable gap between the economies of the two sections. German government assistance of nearly $ ascorbic acid billion annually has h... ...rld Fact Book. January 12, 2000 Spain http//www.odci.gov/cia/publications/factbook/index.htmlWorld Bank Group. January 12, 2000 http//www.worldbank.org/html/schools/regions/eca/spain.htm Tradeport. January 12, 2000. http//www.tradeport.org/ts/countries/spain/trends.html The Economy of Spain. January 12, 2000 http//www.travelnet.co.il/espagne/menu/TheEconomyOfSpain.htmClements, John, ed. Clements Encyclopedia of World Governments. Dallas, TX Political Research, 1996. Culturegrams 1995. Brigham Young University David M. Kennedy Center for International Study, 1998 . German Economy. http//www.cnnfn.com Germany. Encyclopedia Britanica. 1997 edition. CIA World Fact Book. January 12, 2000 Germany http//www.odci.gov/cia/publications/factbook/index.htmlTurner, Barry, ed. Statesmans Yearbook 1998-1999. New York, NY Macmillan Reference, 1998. United States Department of State. Germany. Background Notes. Washington, DC Department of State, 1995.Country Data. January 12, 2000 http//www.worldbank.org/data/countrydata/countrydata.htmlWorld Bank Group. January 12, 2000 http//www.worldbank.org/html/schools/regions/eca/germany.htm