Trendy rozwojowe w gospodarce niemieckiej po 1990 r.

This article presents an analysis of development trends in German economy after 1990, that is after the date of the German reunification. The analysis demonstrates that the growth of the German economy of that time was predominantly dependent on export production, cutting-edge-technology-based industry and investment, while consumption factors were of minor importance to the general picture. German economy of the time was strictly bound with world economy, showing considerable sensitivity to market fluctuations. This is why the Germans were interested in promoting open markets, thanks to which they could reach large export trade surplus. German economy after 1990 was marked with a definite reduction of the average rate of economic growth. Owing to that, today it is no longer the third, but the fourth-largest economy by nominal GDP in the world.