[lostinquebec]

Do you have a counter factual?

It seems to me too early to predict a lot about Eastern Europe. < 20 years is not a long time. 2007 means that the first children born after Romania joined the EU are 8 years away from leaving university.

You could very well be correct, but I'd want to see some countries that tried this a lot longer ago.

[oblio]

It's hard to say, but...

Almost all the cases of countries going from underdeveloped/developing to developed did it through various forms of protectionism: Japan, Singapore, Taiwan, South Korea, China, Hong Kong.

I'm trying super hard to think of a country that did it by liberalizing fully. Eastern European countries might be the examples you're looking for, but it's too early to say.

If you think about any sport, or any activity in general, it makes sense. You never expose the hard parts, you only expose what you can easily defend or what can defend itself. Or if you're China, you fake exposing the soft parts and then you catch everyone in your tar pit :-))

[Barrin92]

Neither Hong Kong or Singapore are or were particularly protectionist and largely utilized their location to be entrepôt economies and port cities. They both lack a domestic industrial base and heavily rely on being attractive location for multinationals.