Doytchinov, Bogdan D.
Phillies, George D.
Eastern and Central Europe have long been a melting pot of many religions, ethnic backgrounds, and economic ideas. Yet this variety, along with geographic isolation, has created a hotbed of economic uncertainty. And while there are many problems with the economies of the countries of Eastern and Central Europe, each country has the ability to pull itself out of the post-communism economic rut and into a free-market 21st century, by following some basic economic principles and help from the industrialized world. This paper will describe the history of Eastern and Central Europe, describe the economic problems, and propose solutions to those problems.
Worcester Polytechnic Institute
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