How Capitalism Was Built: The Transformation of Central and Eastern Europe, Russia, the Caucasus, and Central Asia / Edition 2

How Capitalism Was Built: The Transformation of Central and Eastern Europe, Russia, the Caucasus, and Central Asia / Edition 2

by Anders Aslund
     
 

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ISBN-10: 1107628180

ISBN-13: 9781107628182

Pub. Date: 11/30/2012

Publisher: Cambridge University Press

Anders Åslund is known to make bold predictions that initially arouse controversy but soon become common wisdom. In his book Gorbachev's Struggle for Economic Reform (1989), he foresaw the collapse of the Soviet political and economic system. When others saw little but chaos, he depicted the success of Russia's market transformation in How Russia Became a

Overview

Anders Åslund is known to make bold predictions that initially arouse controversy but soon become common wisdom. In his book Gorbachev's Struggle for Economic Reform (1989), he foresaw the collapse of the Soviet political and economic system. When others saw little but chaos, he depicted the success of Russia's market transformation in How Russia Became a Market Economy (1995). After Russia's financial crisis of 1998, although most observers declared the market economic experiment a failure, Åslund foresaw market economic success (Building Capitalism, 2002). In How Capitalism Was Built, Second Edition, he asks – and answers in depth for the twenty-one countries he investigates: • Why did communism collapse? • Why did Russia not choose gradual reforms like China did? • Wherein lies the relative success of postcommunist transformation? • How did the oligarchs arise and decline vis-à-vis authoritarian leaders? Anyone who wants to understand the often confusing postcommunist dramas and to obtain an early insight into the future will find this intellectually stimulating book useful. The second edition includes updates to each chapter as well as new chapters on the impact of the global financial crisis and the European Union on the region.

Product Details

ISBN-13:
9781107628182
Publisher:
Cambridge University Press
Publication date:
11/30/2012
Edition description:
New Edition
Pages:
440
Product dimensions:
5.98(w) x 8.98(h) x 0.91(d)

Table of Contents

Introduction: a world transformed; 1. Communism and its demise; 2. Radical reform versus gradualism; 3. Output: from slump to recovery and boom; 4. Liberalization: the creation of a market economy; 5. From hyperinflation to financial stability; 6. Privatization: the establishment of private property rights; 7. The social system; 8. The politics of transition; 9. From crime toward law; 10. The importance of the European Union; 11. The global financial crisis, 2007–12; Conclusions: a world transformed.

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