And still, in a recent update to the World Economic Forum , Eshe Nelson raised much concern about sustainability of strong economic growth and progressive social change in the region. Strikingly, perhaps to some observers, the reference is in to the top EE performing economies. For example, the author draws attention to unsustainable government spending in Romania or rise of populist business people in Czech Republic elsewhere; often disconnect between policy intentions of Poland e. From Southeast Europe to Caucasus and Central Asia , the smaller is the country the stronger is the challenge of securing broader economic activity, attracting competitive foreign direct investment, avoiding underdevelopment, and sustaining social inclusion; all without falling into dependence on the earlier mentioned expatriate remittances feeding into consumption cycles or significant levels of debt pile-up.
Still, t here can be no doubt, today post-socialist societies of Eastern Europe and the former Soviet Union live in a more open cultural, political, and economic environment. However, a nalysis of the causes of the s massive economic losses and degradation of the living standards must necessarily be connected with the dynamic history of the region. In broader context, the market liberalization reforms were the signals triggering a more systemic disruption, in turn exacerbated by the disparities of the preexisting conditions of the socialist economic model of the time.
Perhaps one of the difficulties for a nation is to become content with its own history. This is less so about repeating history but more about ability to objectively settle the past discontents to seek pragmatic balance of the present. These challenges are visible across the post-socialist geography, from Central Europe to Caucasus and Central Asia.
mail.beetsoslo.com/christmas-at-wildwood-farm.php As for the future, it is by definition brigh t, progressive, and prosperous, which seems to be a unifying end goal here as it naturally should be, perhaps. And so while the past remains debatable and difficult to accept, while the future is full of promise, the present remains important as ever. History teaches that to move forward , much attention should be given to the complexity of country specifics, regional dynamics, and, unsurprisingly, history itself.
This, perhaps , wou ld be the most critical lesson one is to draw from the late 20 th century massive transformation of the societies and economies of Eastern Europe and the Former Soviet Union as it is relevant to contemporary macroeconomic and institutional processes. It is tempting to find salvation in a rapid action. Perhaps, under certain conditions it may even be the right approach. Yet, from a social dialectic a more evolutionary approach might be more prudent instead.
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