Market economy.

Peculiarity of the economic recovery in Western Europe mid 80-ies are its harmony and balance - sirovannost. Positive developments have occurred in many macroeconomic parameters: the rapid growth of GDP and pro - industrial production, reduction of unemployment, falling inflation, stable exchange rate of national currencies, forcing export earnings growth of entrepreneurs and real income, tax relief, reducing budget deficits. The workshops European Economic Commission, held in 1986-1990 years. in Geneva, the experts noted with surprise that real economic growth in Western Europe usually exceeded their previous best-optimistic skie forecasts and expectations. Data on growth rates of major macroeconomic indicators in the main Western European countries under consideration. During the period from 1984 to 1990 the combined GDP of western Europy increased by 22%, the fund personal consumption - at 23, cap - investments - at 34, industrial production - by 23, employment - toast - on 8,5%, the unemployment rate decreased from 9,6 to 7,2%. During these years, Western Europe once again significantly improved its position in the global economy, especially in vneshneekonomi - political frameworks. Positive balance of payments reached across the region nearly 200 billion dollars In addition to quantitative indicators should be considered accelerated growth of production efficiency in the Western Europe on the basis of deepening its intensification. In particular, higher rates and reduced material capital intensity of production. By reducing the rate of inflation and money supply underwent a process of equalizing the rate of growth of prices on the country - us. Thus, in the early 80-ies the dispersion of prices in the group most developed countries (the deviation of inflation from the average country level of growth for the group of countries in general) was in the EU about 8%, by 1990 this figure had fallen to 3%. Fallen off gap in the rate of monetary growth in EEC countries with 4,1% in the early 80-ies up to 2,6% in 1989 is an important indicator for Towards a "Common European Economic Space. The economies of Western Europe The unification of Germany raised the need for reorientation - tatsii large part of the financial resources of Western Germany to support the market transformation to territory of the former GDR. For these purposes in 1991 was direction Leno about 125 billion marks, or 4.5% of GNP in Western Germany is NII. The cash flow continued in subsequent years, he continues, and now, although in a considerably reduced scale. The unification of Germany great cost not only the West - Noah Germany (increased its budget deficit declined exports), but the whole of Western Europe: increased unemployment and inflation, balance of payments deteriorated and Budget effectiveness of budget deficits. But only in the short term. In the long - emergency plan is reunification of the two Germanys essentially reinforced the new Germany, the EU and all Western Europe, has new markets, additional resources. Subsequently economic development of East Germany was proisho - dit even more rapidly than the West.