Erik Berglöf - Crisis in Eastern Europe: The People's Perspective (3/4)

The video discusses the evolution of transition economies from communism to market economies and democracies, highlighting the challenges they face due to the Western crisis. It emphasizes the importance of institutional reforms, social safety nets, and financial systems in mitigating the impact of economic shocks. The video also explores survey findings on the weakening support for democracy and markets, particularly in Central and Eastern Europe.

What new insight or understanding did you gain from this video?