Economics in Europe: Berlin Wall to the present

Photo by Dima Kolesynk on Unsplash

Prof. Smita Srinivas gave a 2019 keynote at EAEPE 31st Annual Conference, Warsaw

The 31st Annual EAEPE Conference was held in Warsaw, hosted by the SGH Warsaw School of Economics from 12th to 15th September, 2019. It focused on the changes which have taken place in Europe and in economics in the last 30 years.

30 years ago, in June 1989, the Polish people had their first free elections leading to the first non-communist government in Central and Eastern Europe. In September 1989, the Berlin Wall, separating West Berlin and East Germany, fell. In the subsequent wave of enthusiasm, a new political economy of Europe took shape. A market economy was introduced and countries from Central and Eastern Europe applied for European Union membership and quickly (too quickly?) became members. The Continent and the EU has shifted economics worldview since, but unevenly, leading to regional imbalances and a fight for ground among economic theories.