Though it has been suggested that 鈥� it was in the early 1991 that captured the minds of the new generation of Eastern Europe (EE) and the Former Soviet Union (FSU).
The promise of more open societies following Mikhail 骋辞谤产补肠丑别惫鈥檚 perestroika announcement set in motion powerful dynamics completely transforming the world. The Berlin Wall fell in 1989 and by the end of 1991 the Soviet Union disintegrated bringing down the entire socialist institutional edifice. Newly independent nation-states emerged across Europe, the Caucasus, and Central Asia. This new 鈥渨ind鈥� was that of hope, progressive stability and economic prosperity, or so it seemed at the time. And yet, 鈥淸蹿]or whom the wall fell?鈥� , is not as straightforward as might have been expected.
Despite the independence premium in national policy and in parallel with the post-socialist economies are yet to achieve the ideals announced at the outset of market reforms. Ironically, the most unfortunate economic plan was the 1990s script of transition from planned economy to free market in the EE and FSU.
On Saturday, April 19th 1817, David Ricardo published The Principles of Political Economy and Taxation, where he laid out the idea of comparative advantage, which since has become the foundation of neoclassical, 鈥榤ainstream鈥� international trade theory. 200 years 鈥� and lots of theoretical and empirical criticism later 鈥� it鈥檚 appropriate to ask, how is this still a thing?
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