Their economy is quite shitty and simply parasitizing on Russia.
Which are virtually non-existent.
It's illegal outside special zones which are virtually non-existent. Yes, it's virtually illegal.
Looks you have failed logic state here.
The whole GDP growth fetish is a lot of horse shit; some measure needs to be taken that the increase in GDP doesn't destroy the lives of some large swathe of the population like it did in Russia. Belarus may be led by a repressive dictator, but the fact that it didn't experience the absurd declines in life expectancy and quality of life in the 90s that Russia did will keep him popular, even if they do have to pay more for oil.
Hong Kong tops the list right? It has what you would expect...
Capital has flowed in and normally that would have pushed blue collar workers and children and elderly out, with people commuting 2 hours each way as in SF. But since these are islands, the poor live in coffin like shoebox apartments, far smaller than anything allowed in US cities. Millions form entire communities of poverty around there, raise children there etc.
How large an effect are we talking? 20% of Hong Kong is below the poverty line. I did the math and any four people below the poverty line cannot together afford a studio apartment in normal areas of Hong Kong.
Hong Kong has had to aggressively increase its welfare and safety nets. It has over 40 public hospitals and 20 private ones.
Suffice it to say that around the world, government-run and single-payer healthcare and schooling has been compatible with high scores on economic freedom. It’s only in the USA do we have this ridiculous fearmongering about that.
Hong Kong has, in many measures, a very strong safety net and strong public sector. Ditto for Singapore etc. And larger countries in Scandinavia, and Canada and Australia etc. are similar.
Much of the centrally coordinated infrastructure investment has paid off - in the US we had the interstate highway system, China lifted more people out of poverty in 20 years through centrally planned “ghost cities” than any place on Earth ever, and the USSR did a great job of increasing literacy, electricity, bringing universities, rights to women and minorities, to countries like Uzbekistan and that whole region. Child mortality declined greatly, as people got better access to healthcare.
Not to say that everything is black and white, but “economic freedom” and capitalism isn’t the only way science and technology and prosperity moves forward.
Moving to those ghost cities have wrecked an entire generation, as it seems.
Moving people out of poverty includes the pension challenge. Which is the hardest one and I'm pretty sure that the one-child policy didn't contribute well to that part.
Look, China may not have eradicated poverty but certainly it was able to make the average wages go up 5x a decade for 20 years. Could this be done by uncoordinated market activity of private actors? Perhaps, but the USA has never been able to pull it off so fast.
Now one can argue the US always had a far higher starting point so it ran into diminishing returns. And that is a fair argument.
But keep in mind USSR’s GDP grew faster than USA and they faced the aftermath of two world wars, lost 30 million people and also subsidized lots of other countries in the Warsaw Pact (their version of the Marshall Plan). Compare apples to apples, eg the GDP of Romania after it joined the Eastern Bloc vs Hawaii after it was annexed as the 50th state of the US. Or compare GDP growth of Georgia and Puerto Rico.
It’s not actually clear which system led to more economic prosperity, and as I said the USA had the advantage of oceans protecting it, the dollar was the reserve currency all around the world after Bretton Woods, and we could import cheap goods all year long by just printing dollars. That has a massive effect on prosperity.
I don't think Romania and Hawaii form an apples-to-apples comparison.
Romania: a country in Europe, occupied by the Soviets after World War II, with 16 million people. Neighbors Hungary, Yugoslavia, Ukraine, and the Black Sea.
Hawaii: a U.S. territory for half a century, with 620 thousand people. Noted for its proximity to Johnston atoll (825 miles from Honolulu), Midway Island (1311 miles), and San Francisco (2393 miles).
And with China, I don’t think it is at all accurate to say that the millions of miles of new roads, bridges, infrastructure, ghost cities etc. were built because private market actors woke up one day and decided to make massive infra investments. It was central planning. And a lot of the science, electric vehicles etc. is sponsored by govt too, that is why China is the world leader.
Edit: A better example for you would be Singapore, with its history of public housing, which gets privately owned (or 99-year-leased). They also have public roads.
Developers acquire new plots of land from local governments and are mandated to construct something more or less immediately. Developers can't sit idly on vacant land and wait for the surrounding area to develop until it's economically viable. This creates the quick-buck mentality in developers to rapidly build in the new area without the necessary demand for housing.
"The cities are product of plan-driven economy that many cities are not expected to be complete or vibrant after 15 years of construction."
I do business in Ukraine; I'm well aware of conditions on the ground there.
Ukraine is a craphole because of corruption not because it liberalized.
Saying "muh corruption" isn't an argument. Russia had a problem with corruption as well until they elected a patriotic strong man who got it under control to the point where oligarchs were no longer fighting pitched gun battles in Moscow. What's your plan for dealing with neoliberal induced corruption in Ukaine?
Do you have a plan for fixing Ukraine's corruption under the neoliberal looter regime the US put in place there?
Russia manages to field new nuclear submarines, new ballistic missile designs, a nuclear ramjet cruise missile and various other insane technological contraptions. Meanwhile in the US we need to hitch a ride ... with the Russians, to achieve low earth orbit, and we've shipped our heavy manufacturing capabilities to China and Mexico. But hey, at least we design iphones in California!
It was planned post-Soviet chaos, and chaos attracts grifters and opportunists. The regular people down in the trenches had no clue that they were being robbed blind.
The Russian invasion destroyed the place.
Oh you mean the invading Russian forces.
> By the next morning, soldiers in unmarked uniforms had taken the Crimean parliament and raised the Russian flag. Throughout the day, the little green men—as the irregular Russian soldiers came to be known—fanned out across the city, capturing government buildings. Soon, behind closed doors and under Russian guns, the autonomous region’s parliament voted to request Russian security assistance.
Ukraine is very liberalized economy, perhaps more than in the west - and yes, the results are less than stellar, for a complex number of reasons.
About Estonia, Lithuania, Latvia the economic results seem OK, but the social one is close to tragedy: in 3 Baltic countries emigration has been terrible, and the lost a large part of their population, threatening the social fabric. https://www.oecd-ilibrary.org/social-issues-migration-health...
Your comment is pure ideology.
The only ones who see that in a bad light are pro-nationalist lackeys that put the state above an individual person.
It's a win-win.
Citation needed on this one.
I understand that some economists explain the high inflation by saying that pent-up demand was "unleashed" after the Soviet Union collapsed. To me this seems kinda hand-wavy (is it possible to measure pent-up demand?).
On a related note, something that comes close to a natural experiment is a comparison of the economic history of Finland and Russia. Finland was part of the Russian empire and, like the rest of Russia, was very poor at the time. It then broke away during the civil war, which is, of course, around the time that Soviet communism began to take root. Meanwhile, a little later, Finland took took a different economic path and instead implemented some social democratic policies and is now per capita richer than Russia and indeed many countries in Europe. 
 I realize Finland is not a perfect social democratic economy, but it is a closer approximation than most European economies
These traits are the same in Korea, yet there's a drastic difference between South and North.
It was, however, a stong-man communist dictatorship.
According to government posters pasted all around Latvia, EU support constituted about 12.8% of government budget(!), or 9.6% net after accounting for Latvia's contributions to the EU budget.
When it comes to the Tesla factory, it will be right outside Berlin https://www.dw.com/en/tesla-factory-outside-berlin-to-cost-4... .
One of my German coworkers remarks often that wages for any given job in former-DDR-areas are much lower than the same jobs in pre-reunification-Bundesrepublik-Deutschland-areas.
(I don’t agree with those views, I’ve been to the country a couple times and I think the culture and the people are beautiful)
That being said, what I saw in fact after their adhesion was that the quality of immigration seemed to improve (at least from what _I_ could see). Good number of honest and sometimes very well-educated people in services.
I guess the question to ask respective to their adhesion is whether the total amount or proportion of Romanian-origined criminality increased.
Your comment would be fine without that last bit.
> Since the early 21st century visible positive developments have been observed in the economy of Georgia. In 2007, Georgia's real GDP growth rate reached 12 percent, making Georgia one of the fastest-growing economies in Eastern Europe. The World Bank dubbed Georgia "the number one economic reformer in the world" because it has in one year improved from rank 112th to 18th in terms of ease of doing business. Georgia improved its position to 6th in World Bank's Doing Business report 2019.
Please provide references.
I spare you the details for the Czech republic since this should be well known. They were always an industrial and manufacturing hub, even during German occupation in WW2. Airplanes, Tanks, guns, cars (Skoda!), machinery etc. Don't forget, they are a comparably small country.