PDS on the Berlin Wall - and present walls!

Brad DeLong jbdelong at uclink.berkeley.edu
Thu Aug 16 13:55:06 PDT 2001



>Chris,
> Calling the former GDR a "developing country"
>is a bit of a stretch. Actually, in 1939 it was probably
>slightly ahead of the West in per capita income and
>in its level of industrialization.
> A major reason for the income gap that existed
>in 1961 was that during the late 1940s, the USSR
>extracted reparations payments from the GDR, including
>the literal carting off of capital stock in the form of factories
>and machinery and equipment.

Much of which was never unpacked, IIRC...

Brad DeLong



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