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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Lizzie Tudor who wrote (16844)2/6/2004 3:59:39 PM
From: GraceZRead Replies (1) of 306849
 
I'm talking about prior to the collapse of the Berlin Wall. How did East Germany become a "third world country" while West Germany prospered? They had almost identical populations and histories when they separated. After all, East Germany was completely protected from free trade, "globalization" and competition of any kind, whereas West Germany had to duke it out with the US and the Japanese to make a living as well as all the third world countries with extremely cheap labor, cheaper than today.
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