Abstract

Economie development in the GDR during the Honecker era The effects of the oil crisis of 1973 on the rise in world prices of raw materials, and on the increase in external debt led, inter alia, to a « cautious reform » which lasted until the fall of Honecker. The steps which were taken related just as much to industrial organization (with the Kombinat) and economic structure (with the accent on new technology) as to prices and central planning. However, this failed to bring about an overall efficiency in the ensemble of economic sectors, and led to some serious imbalances.

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