Migration in Europe: the story of the East

Nov 29, 2016

A general view shows the Moscow International Business Center and the Mercury City Tower (R) after a ceremony to present it as Europe's tallest skyscraper in Moscow, November 1, 2012. The 339 meters (1,112 feet) tall Mercury City Tower, primarily owned by billionaire Igor Kesaev, is one of the buildings forming the Moscow International Business Center also known as "Moskva-City". The tower, which is still under going construction, reached its full height making it at present, the tallest skyscraper in Europe, according to organizers of the ceremony and local media. REUTERS/Sergei Karpukhin (RUSSIA - Tags: BUSINESS CONSTRUCTION CITYSPACE REAL ESTATE) - RTR39V0S

Eastern Europe lags behind its western neighbours economically. Image: REUTERS/Sergei Karpukhin

Simeon Djankov

Nonresident Senior Fellow, Peterson Institute for International Economics

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