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How Capitalism Was Built: The Transformation of Central and Eastern Europe, Russia, and Central Asia
     

How Capitalism Was Built: The Transformation of Central and Eastern Europe, Russia, and Central Asia

by Anders Aslund
 

ISBN-10: 0521865263

ISBN-13: 9780521865265

Pub. Date: 09/30/2007

Publisher: Cambridge University Press

How Capitalism Was Built tells the story of how the former communist countries in East and Central Europe, Russia, and Central Asia became market economies from 1989 to 2006. It discusses preconditions, political breakthroughs, and alternative reform programs. Three major chapters deal with the deregulation of prices and trade, price stabilization, and privatization.

Overview

How Capitalism Was Built tells the story of how the former communist countries in East and Central Europe, Russia, and Central Asia became market economies from 1989 to 2006. It discusses preconditions, political breakthroughs, and alternative reform programs. Three major chapters deal with the deregulation of prices and trade, price stabilization, and privatization. Early radical reform made output decline the least. Social developments have been perplexing but mixed. The building of democracy and the establishment of the rule of law have been far less successful. International assistance has been limited but helpful. This region has now become highly dynamic, but corruption remains problematic.

Product Details

ISBN-13:
9780521865265
Publisher:
Cambridge University Press
Publication date:
09/30/2007
Pages:
384
Product dimensions:
5.98(w) x 8.98(h) x 0.94(d)

Table of Contents

Introduction: a world transformed; 1. Communism and its demise; 2. Shock therapy vs. gradualism; 3. Output: slump and recovery; 4. Liberalisation: the creation of a market economy; 5. From hyper-inflation to financial stability; 6. Privatisation: the establishment of private property rights; 7. An inefficient social system; 8. Democracy vs. authoritarianism; 9. From crime toward law; 10. The role of oligarchs; 11. The role of international assistance; 12. Conclusions: a world transformed.

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