Öffnungskurs
Öffnungskurs refers to a policy of opening up a country's economy and society to greater international interaction. This can involve reducing trade barriers, encouraging foreign investment, fostering cultural exchange, and promoting diplomatic relations. The term is often used in the context of former Eastern Bloc countries after the fall of the Berlin Wall, signifying a transition from a closed, centrally planned system to a more open, market-oriented one.
The implementation of an Öffnungskurs typically involves a range of reforms. Economically, this might include privatization
However, an Öffnungskurs can also present challenges. Rapid liberalization can lead to economic instability, social inequality,