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Comment by rayiner

The former soviet states are a great natural experiment in economics. Countries that liberalized their economies, like Estonia, Lithuania, Czech Republic, and Latvia (the "mostly free" countries here: https://www.heritage.org/index/ranking) have grown much faster than countries that retained socialism and central planning, like Ukraine, Belarus, and Moldova. See: https://www.theguardian.com/news/datablog/2011/aug/17/ussr-s.... Remarkably, much of the economic growth came before Estonia, Lithuania, (Czechkia and Slovakia), and Latvia joined the EU. Indeed, their democratic and economic reforms, along with corresponding growth, paved the way for EU membership.
parent rayiner 7 years ago

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