Contrast the Crisis in Poland and Russia

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The Answer is By the end of the 1990s,a handful of East European economies including Poland,Hungary,and the Czech Republic had made successful transitions to the entrepreneur order.Not surprisingly each of these countries was geographically close to the European Union (EU)and had a recent tradition,of industrial capitalism,including a body of contract and property law.In regards to Russia,by 1990 the Russia's government was unable to collect taxes or even to enforce basic laws;the country was riddled with corruption and organized crime.That is why the measured output got smaller progressively and the inflation was hard to control,so at the end of the 1990s most Russians were substantially worse off than under the old Soviet regime.As we can see,Poland's economy started producing more money to growth and decrease inflation because they were having business with potential firms.

Contrast the Crisis in Poland and Russia

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