Dynamics and Policy Implications of the Global Reforms at the End of the Second Millennium

Most people, and indeed governments, hold the conviction that reforms, rather than revolutions, are likely to produce more appropriate and acceptable results. This is especially true for developing countries. That is because reforms are gradual in their implementation and respectful to past policy fabrics of a society.
On the other hand, the simultaneous spread of communication technology, global liberalization of the market, and peripheral homogenization of cultures, have caused extreme te...