Germany Looks East for Economic 'Miracle'

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AN one draw parallels between post-war Germany and the German Democratic Republic after the end of the cold war? Will the eastern German states surpass those to the west and be home to another economic boom or "Wirtschaftswunder"?

It is clear that the groundwork is being laid for an economically strong eastern Germany. After decades of languishing under the ill-fated five-year plans of the communists, the five eastern states are being upgraded at a faster pace than many regions in the west. New telecom networks are of the highest standard and the infrastructure of the region has become a Berlin priority.

In a speech taking stock of 10 years of reunification, chancellor Gerhard Schrsder said 59% of investment in roads and 45% of investment in railways is going into eastern Germany, which has only …

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Publication information: Article title: Germany Looks East for Economic 'Miracle'. Contributors: Not available. Newspaper title: Sunday Business (London, England). Publication date: October 8, 2000. Page number: Not available. © Not available. COPYRIGHT 2000 Gale Group.

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