Browsing: nations

Source: Bloomberg Their religious roots, not their Communist experience, support authoritarianism and risk aversion. By Leonid Bershidsky Originally published on April 26, 2018 Eastern Orthodox Christianity has done more to shape certain ex-Communist countries than communism. It also, some say, made their people relatively unhappy and anti-capitalist. This theory got a lot of play in 1990s Russia but has now resurfaced in a fresh World Bank working paper.Its authors, former Bulgarian finance minister Simeon Djankov and Elena Nikolova of University College London, analyzed data from the World Values Survey and the European Bank for Reconstruction and Development’s Life in Transition Survey to study the correlation between religious background and attitudes. They…