The Baltic States, Estonia, Latvia and Lithuania, are very successful in transformation. From 1991 to 2015 they regained independence and transformed their economies from socialist central planning into functioning mar-ket economies, joined the EU in 2004 and became member of the Euro zone....

While the DPRK (North Korea) is on its way ahead to reform the socialist based economic system, since a few years the Republic of Korea (South Korea) is integrating into East Asian economic structures like "ASEAN plus 3". In this way a possible reunification of Korea as well as a single...