Cowen: Most of Eastern Europe is depopulating and will never catch up
Tyler Cowen · #39 Tyler Cowen: Thinking About Thinking · Aug 21, 2018 · at 5:40
Economist Tyler Cowen argues that classical economic models predicting free-market convergence have failed in much of Eastern Europe.
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“Parts of the world, such as Eastern Europe you know, Poland maybe is catching up to the West, but most of it is being depopulated and emptying out. And it basically will never catch up.”
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