Abstract
A natural time and place to look for historical analogues to the dramatic liberalisation of Eastern Europe is post-war Europe. It is possible that Eastern Europe will now begin the process that Western Europe experienced after the second World War. As shown in Figure 1, the 1950s witnessed high growth rates of per capita GDPs in most of Western Europe, and the convergence effect seemed quite strong, with rapid growth of per capita incomes especially in the war-ravaged countries of Germany, Austria, Italy and Spain.
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Leamer, E.E. (1997). Access to Western markets, and Eastern effort levels. In: Zecchini, S. (eds) Lessons from the Economic Transition. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-5368-3_30
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DOI: https://doi.org/10.1007/978-94-011-5368-3_30
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