Monday, April 25, 2011

Macedonia

When Macidonia declared independence from Yugoslavia Greece objected to the new name. Macedonia is the name of a province in northern Greece that has historical ties to the republic. Greece was afraid that Macedonia would try to take over the province. Because of this Greece wouldn't trade with Macedonia until the mid 1990s. This slowed the movement from the command economy that it had under the communists to a free market. Macedonia has however made progress in establishing free markets.

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