Posted inCentral Europe & BalticsRegions

Is There a Shortcut to 20th-Century Capitalism?: Yes

The social and economic costs associated with transforming former communist countries into modern capitalist societies was one of the main topics of early discussions among transition theorists. Were countries emerging from decades of communist rule doomed to a phase that would resemble the free-for-all of 19th-century capitalism? Or was there a way to build modern […]