Includes bibliographical references (p. -318).
Research Objectives, Methodology and Layout -- Theoretical Approaches to System Analysis and the Institutional Framework -- The Institutionalisation of the East German System Transformation -- Transitional Privatisation Policy: Objectives, Instruments and Theoretical Implications -- Economic Implications and Post-Institutionalisation Policy -- Application of the Adjustment Model to the East German Transformation -- The Welfare Concept of the East German Transformation -- Synopsis and Conclusions.
The former East German economic system was restructured from a centrally-planned system into a decentralised one with private property rights. The new economic structure was put into place with the adoption of the West German legal framework and a privatisation model which focused on outsider privatisation. This has delivered adjustment defiencies because of the establishment of dominant large intercorporate West German and foreign owners outside East Germany.