Posts Tagged Economic Growth

Ukraine and Russia: why they’ve proved Friedman’s ‘MacDonalds’ doctrine wrong

On 31 January 1990, a great event took place in Pushkin Square, Moscow. A branch of MacDonald’s was opened. The same excitement was generated in Kiev on 24 May 1997, when the MacDonald’s franchise was extended to the Ukraine. The American author Thomas Friedman wrote in 1999

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Our Friends in the North are trapped in a monetary union

Michael Heseltine’s report on economic growth came out last week.  It contains 89 recommendations.  A mere 57 varieties, to recall the famous Heinz slogan, might have connected it more with popular culture. The report has already attracted a lot of comment, mainly that Lord Heseltine seems nostalgic

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