Question

Eastern Europe and the Baltic states, satellite nations of the former Soviet Union, have moved steadily toward establishing post-communist market reforms. This implies that:

Answer 1

Eastern Europe and the Baltic states transitioned to market economies and democratic governance post-1991, aligning with Western Europe and the EU, and experiencing economic gains despite challenges.

Step-by-step explanation:

Eastern Europe and the Baltic states, such as Latvia, Estonia, and Lithuania, have made significant strides away from their previous Soviet-style centralized economies toward post-communist market reforms. After gaining independence in 1991, these nations moved swiftly to establish democratic governments and open market economies, reducing their economic reliance on Russia and aligning more closely with Western Europe and institutions like the European Union (EU) and the North Atlantic Treaty Organization (NATO).

The adoption of capitalism and private ownership has improved economic conditions, although challenges such as the global financial crisis of 2008 had an impact. Nonetheless, with the inclusion of many Eastern European countries into the EU, the region has experienced substantial economic gains and reform.