VIDEO: Erik Berglof: Building a Bridge Between Political And Economic Reform

Berglof discusses the 2013 Transition Report's findings with Institute for New Economic Thinking President Rob Johnson

EBRD Chief Economist Erik Berglof discusses the 2013 Transition Report's findings in an interview conducted with Institute for New Economic Thinking President Rob Johnson.

Berglof, who also is a member of the Institute for New Economic Thinking's Governing Board, argues that the world is starting to see an emphasis on the link between opening up political systems and economic reform, particularly pointing to events in North Africa and the Middle East. As a result, the EBRD decided to examine the connection and determine how to promote the reform of two systems together.

Looking at the EBRD's research, Berglof notes that there is "quite a lot of evidence" demonstrating that economic reforms lead to political reform. "It has to do with opening up markets, supporting entry new parts of society, building a middle class," he says.