There's no particular reason to assume it's more influential than, say, modern Turkey or Spain. It's possible and of course more fun to put them among the leaders of the modern era and the forefront of the industrial revolution, but I think the odds are they don't set the pace. And a strong economy (and strong navy specifically) require being heavily industrialized.
Obviously most countries, and specifically most eastern European areas did *not* manage to benefit relative to the pack from the modern era. The different traditions, alphabet, political system and religion probably remove them from many of the liberalizing effects of the Reformation.







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