Economic Nationalism Made Eastern Europe More Resilient

by LEONID BERSHIDSKY

Whether eastern European economies are dragged down by a likely German recession is a good way to test the idea that they are effectively colonies of their much larger neighbor, or “foreign-owned countries,” as some economists have dubbed them. So far, it looks as though the nationalist governments in Poland and Hungary have managed to reduce their dependence enough to build up resilience to spells of German economic weakness. Others should take steps in the same direction.

To view the article in full, visit Bloomberg.