The fall of the Berlin Wall has made the free market economy a European norm - but which financial market has performed best since? Wall Street and BRICs, of course.
What happened in 1989 not only redefined Europe's borders, but also ushered in nearly 20 years of strong economic liberalization and globalization, sweeping across China, India and Latin America only recently.
However, this is not the only reason. Also working is the fact that global borrowing costs have been falling for three decades as inflation has been driven back - even as commodity production is booming, driven by strong demand in China.
Germany's unification has established itself as the largest economy in Europe, but according to a market performance analysis, the biggest winners are the flag bearer of western capitalism -- Wall Street, and the emerging market "BRIC countries" -- Brazil, India, China and Russia.
Since November 9, 1989, the market value of the S & P 500 index has risen 1635%, the Polish stock market, the largest economy in Eastern Europe, has risen 550%, and the Russian MOEX index has risen nearly 900% since it stabilized in the late 1990s.
By contrast, in dollar terms, Germany's DAX index is up 350%, MSCI Mingsheng's global market index is up 320%, and MSCI Mingsheng's emerging market index is up nearly 460%.
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