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That's too simplistic. There are large differences between countries in the East and the West. Western corporations have had a field day in the EU's Eastern mem
by bobthechef 8y ago
That's too simplistic. There are large differences between countries in the East and the West. Western corporations have had a field day in the EU's Eastern members precisely because of the relative economic advantages they have built up over 50 years following WWII and the massive restructuring of the economies of the Eastern members following the fall of communism. Free trade really only works when countries have some kind of parity (something Friedrich List argues). However, to the East's advantage, their economies are much more dynamic and the West is increasingly stagnating.