Twenty-five years after the fall of the Berlin Wall, what does the balance sheet of so-called “transition” countries (even if the term is no longer fully adequate) look like?
For me, that issue has dual personal relevance. First, I am originally from one of them (Serbia). And second, I worked on most of these countries in the 1990s at the World Bank.
I also discussed and documented the resulting Great Depression those countries experienced post-Communism in my 1998 book Income, inequality and poverty during the transition to market economies.
For clarity’s sake, and to asses their relative performance, let’s organize these countries into …read more
Source: Canadian Dimension
