Monday, November 30, 2009
Down in the dumps
This article talks about general problems in the ex-communist economies . The author states that almost half of the citizens in those countries still feel that they had been better off in 1989 than now. In addition, according to the author "east Europeans face higher taxes, bigger debts, less public spending, lower pay and fewer jobs"; in the meantime, they do not have the same shock-absorbers as in the west.
Subscribe to:
Post Comments (Atom)
2 comments:
Kind of astonishing to hear that some ex-communist citizens felt that they lived worse now than in 1989 - I think one of the biggest problems these countries need to focus on is the idea of competition between firms. By having informal barriers to entry, it limits access to outside countries and puts the overall efficiency of each economy at risk.
Kind of astonishing to hear that some ex-communist citizens felt that they lived worse now than in 1989 - I think one of the biggest problems these countries need to focus on is the idea of competition between firms. By having informal barriers to entry, it limits access to outside countries and puts the overall efficiency of each economy at risk
Post a Comment