The vast bulk of growth in Emerging Europe since the fall of communism can be explained by the better allocation of resources that has resulted from the transition from central planning to a market economy. However, the most important lesson from the past twenty years for both policymakers and investors is that those countries that combined economic reforms with institutional reforms have prospered the most.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services