My Country: Nov 10th 1989 - the Market Replaced the State
19 years ago on Nov. 10th 1989 the so called transition began. Over 40 years of planned and state controlled economy, limited political and social rights, etc. .. and it was all over in a single day. The dominant /and only according to the constitution/ political party replaced the leader of the party and the state on a political meeting. Most of the population was surprised. Almost everybody was relieved and uncertain.
We have market economy, stock exchange, strong currency and low unemployment rate now. Plus one of the highest economic growths in the region, due to high foreign investment rates and stable currency /as an effect of the currency board/. The health care and education systems are functioning worse than before. The accumulated pension funds were lost in the first transition years of capital accumulation right after the change. We can travel and visit the EU countries with no special documents as we are part of the EU. Wages are getting higher, private, SME and NGO sectors are growing. Still the economy is vulnerable as it depends on foreign investment to preserve the growth and the investors are suffering from the world financial crisis.
Nov 10th is not a very important date now. But I would not be able to blog without it. So I thougth I would take some time and mention it here.
