Analysis
Economy & Tech
Ukraine’s Reconstruction: A Second ‘Big Bang’ for European Business?
5 November 2024
The economies of Central and Eastern Europe have shown no signs of any development miracle or a regional category jump to high-income countries. Instead, there is the passive acceptance of low-end manufacturing, state-capture by oligarchs and regions emptying out of young people.
The author of this present piece firmly believes that the objective of economic growth should be shunned if we are to achieve the CO2 emissions goals of the Paris Treaty and reverse the environmental devastation we have caused on this planet.
The decoupling of environmental devastation from economic growth is a myth. Balkans citizens now live around the global average, Visegrad and Baltic societies above it.
We should not aim for higher GDP, in fact, Western Europe should engage in degrowth. The social problems of our region should be handled through more equitable social redistribution, not growth.
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