Why did Eastern Europeans break?

Why did Eastern Europeans break? Why were Eastern Europeans able to break free of Communist governments and Soviet domination in the late 1980s? East Germany bans Soviet publication because the Soviets were becoming too capitalist, but they could still watch TV broadcasting from West Germany. This exposure caused East Germans to call for change. What […]

What is political contagion?

What is political contagion? Definition: In economics and finance, a contagion can be explained as a situation where a shock in a particular economy or region spreads out and affects others by way of, say, price movements. Description: The contagion effect explains the possibility of spread of economic crisis or boom across countries or regions. […]

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