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Comparative Economics in a Transforming World Economy

ISBN-10: 0262182343
ISBN-13: 9780262182348
Edition: 2nd 2004
List price: $125.00 Buy it from $27.89
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Description: This second edition of an innovative undergraduate text offers an approach to understanding different economic systems that reflects both recent transformations in the world economy and recent changes in the field of Comparative Economic Systems.  More...

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Book details

List price: $125.00
Edition: 2nd
Copyright year: 2004
Publisher: MIT Press
Publication date: 12/23/2003
Binding: Hardcover
Pages: 656
Size: 7.00" wide x 9.00" long x 1.00" tall
Weight: 2.398
Language: English

This second edition of an innovative undergraduate text offers an approach to understanding different economic systems that reflects both recent transformations in the world economy and recent changes in the field of Comparative Economic Systems. The traditional way of teaching comparative economics, with its reliance on relatively simple dichotomies (private vs. state, planning vs. market) does not take into consideration the many variants and mixtures of economic systems that exist in the real world. The Rossers' introduction in the first edition of the concept of the "new traditional economy" -- the effort by a developing country to embed a modern economic system into a traditional culture, usually religious -- presented a new way to look at developing economies. Their innovative examination of Iran and its effort to develop a "revolutionary Islamic economy" as an alternative to market capitalism illustrates the use of this new tool in comparative economics. After a four-chapter theoretical and historical overview, the book focuses on fifteen country studies, organized by economic system. The chapters on advanced market capitalism examine the economies of the United States (a chapter new to this edition) Japan, France, Sweden, and Germany. The chapters examining transition in former socialist economies discuss Russia, the former Soviet Republics, Poland, Hungary, Yugoslavia (including expanded treatment of the most successful transition economy, that of Slovenia), and China. The chapters in the final section of the book discuss "alternative paths" taken by the developing economies of Iran, India (its complex mix of socialism, capitalism, and tradition is examined in a chapter new to this edition), Mexico, and South and North Korea. The book concludes with a look at future trends that will continue to transform the world economy.

Marina V. Rosser is Professor of Economics at James Madison University.

Preface
Overview of Comparative Economics
How Do We Compare Economies?
The Theory and Practice of Market Capitalism
The Theory and History of Marxism and Socialism
Islamic Economics and the Economics of Other Religions
Varieties of Advanced Market Capitalism
The United States of America: The Market Capitalist Leader
Japan: A Planned Market Economy with Traditional Elements
Whither Indicative Planning? The Case of France
Sweden: Crisis and Reform of the Social Market Welfare State
The Unification of Germany and the Unification of Europe
Variants of Transition Among Former Socialist Economies
The Former Soviet Union: The Myth and Reality of the Command Economy and Russia's Economic Transition
Alternative Paths of Transition in the Former Soviet Union
Poland: The Peril and Promise of Shock Therapy
Hungary: Gradualism and the First Successful Completed Transition?
Worker-Managed Market Socialism: The Collapse of Yugoslavia and the Success of Slovenia
China's Socialist Market Economy: The Sleeping Giant Wakes
Alternative Paths Among Developing Economies
India: The Elephant Walks
Iran: The Struggle for a New Traditional Islamic Economy
Revolution and Reform in the Mexican Economy
North and South Korea: The Lingering Shadow of the Cold War
Evolving Trends of the Transforming World Economy
Glossary
Index

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