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Two stabilization plans for a developed economy: West Germany and Israel

International Journal of Social Economics

ISSN: 0306-8293

Article publication date: 1 May 2000

Abstract

Investigates, in Part 1, the effects of West German stagnation in the 1980s following on from the welfare state doctrine of the 1960s and 1970s, which led to an economic and social crisis becoming inevitable. Shows this is not purely a German problem but one that also affects almost all other capitalist countries – either developed or developing. Expresses irony that the former communist bloc countries should also be engulfed in such crises. Proffers explanations and recommendations to offset the problems in Germany. Part II looks at Israel and how it has begun to emerge from its 1974 austerity programme by Rabin. States that Israel must initiate a new system of stable equilibrium to open a new era that is very possible, but involves economic and social thinking to avoid previous mistakes.

Keywords

Citation

Rugina, A.N. (2000), "Two stabilization plans for a developed economy: West Germany and Israel", International Journal of Social Economics, Vol. 27 No. 5/6, pp. 471-518. https://doi.org/10.1108/03068290010694912

Publisher

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MCB UP Ltd

Copyright © 2000, MCB UP Limited