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Fall of the Wall

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Fall of the Wall

Fall of the Wall The Berlin Wall was a physical division between West Berlin and East Germany from 1961 to 1989 and the symbolic boundary between democracy and Communism during the Cold War. After World War II, the Allied powers divided Germany into four zones, each occupied by the United States, Great Britain, France, or the Soviet Union. Berlin, Germany’s capital, was also divided. As the liaison between the Soviet Union and the other three Allied powers abruptly broke up, the new relationship turned Germany into West versus East, in other words, democracy versus Communism (Rosenberg, n.d.). The demolition of the Berlin Wall and the global market revolution that followed liberated millions of people, and two decades later the world has gained significantly from the democratic and economic incorporation. The destruction of the Berlin Wall is one of the most extraordinary political events of history. It set millions of people free and brought to an end a global conflict that threatened nuclear obliteration. For business, far reaching changes in the global economic atmosphere started at that time: The changeover to the market based economies in most Central and Eastern European countries created considerable opportunities for the markets, resources, supplies, and manufacturing. There was a large increase in cross-border trade and foreign direct investments. Almost simultaneously, the materialization of the digital revolution brought a reduction in international transaction costs and led to offshore service advantages. Modernization in the developed and the developing countries increased the speed of product life cycles and market opportunities with accelerating globalization taking hold of our economies. Companies turned to cross-border mergers and acquisitions in an attempt to expand their global competitiveness, advancing multinational

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