Abstract

The process of transition of the Polish economy from a centrally planned to a market economy started in the 1980s by a series of attempts to introduce economic reforms. By 1990–95, more important changes took place. The political and economic changes in the German Democratic Republic began near the end of 1989. The first step was the monetary union of both German states in June 1990. Although German unification (in October 1990) took place relatively later than the Polish reforms, the East German changes were greater. This paper discusses various macroeconomic indicators in both regions for the period 1990–95. These indicators are the dynamics and structure of gross domestic product, population number and employment, unemployment rate, and consumption structure.

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