Fly East For The Winter

Poland has a history of acting as the bellwether in the region, from being the first country to break from communism to more recently heralding the trend toward greater populism and Euro-skepticism.

But the PO's comeback last month may signal a return to the reform path. The flying geese of Eastern Europe are then poised to enjoy an even greater uplift after already traveling much farther than what anyone ever imagined.

Sharma is head of emerging markets at Morgan Stanley Investment Management.

© 2007