The Market Before the Market

When East-Central Europe made the transition to market economies after 1989, journalists sometimes referred to the process as “overnight capitalism.” This gave the impression that the countries in the region were Communist one day and capitalist the next. In fact, the market was present in most of the countries in the region in one form… Continue reading The Market Before the Market

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Making It in Lowicz

One of the economic advantages that Poland has over its East-Central European neighbors is its relative decentralization. Hungary is completely dependent on Budapest just as Bulgaria leans heavily on Sofia and the Czech Republic on Prague. Poland has a number of major cities, including Krakow and Gdansk. Moreover, decentralization was a chief aim during the… Continue reading Making It in Lowicz

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