After revolutions swept across Eastern Europe three decades ago, communism was counting its final days in more than two dozen countries that were on the verge of leaving socialism behind and welcoming a market economy. The former socialist economies, which varied considerably in their development process and economic growth before the fall of the Iron Curtain, elected different paths out of the dim past—some moving swiftly to reform and liberalize economies, others only mustering slow and few transitional strides in the years and decades to come. The Baltic states of Estonia, Latvia a...
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