Thursday, November 19, 2009

WHAT EASTERN EUROPEAN TIGERS CAN TEACH WESTERN EUROPE

In yesterday's edition of WSJ, Johnny Munkhammar and Nima Sanandaji wrote a well-argued dissussion (link) on how Eastern Europe's advantage in terms of competitive tax rates, low tax burden and sizeable reform efforts in emerging from the crisis offer a great lesson for economic recovery of the Western counterparts.

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