Protesters affirm the modernisation theory

But here we run into a chicken-and-egg problem. It is impossible to build public institutions without a large class of private owners.


Today it is evident that the 20-year transition to a market economy and democracy has turned out to be far more difficult than expected. But at the same time, there are a number of reasons to be optimistic about the future.

Related article: Protesters affirm the modernisation theory

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