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

ISBN-10: 0521683823
ISBN-13: 9780521683821
Edition: 2007
Authors: Anders Aslund
List price: $25.99
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Description: Comprehensive both in its geographic and thematic approach, this text explains how the former communist countries became market economies from 1989 to 2006.

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Book details

List price: $25.99
Copyright year: 2007
Publisher: Peterson Institute for International Economics
Publication date: 12/30/2006
Binding: Paperback
Pages: 372
Size: 5.98" wide x 8.98" long x 0.71" tall
Weight: 1.100
Language: English

Comprehensive both in its geographic and thematic approach, this text explains how the former communist countries became market economies from 1989 to 2006.

List of Tables and Figures
List of Abbreviations
Acknowledgments
Introduction: A World Transformed
Overview of the Arguments of This Book
Communism and Its Demise
Real Socialism
Decline and Fall of Socialism
The Demise of Communism in Central Europe
The Collapse of the Soviet Union
Shock Therapy versus Gradualism
The Radical Reform Program: A Big Bang
Gradual Reform Programs
Rent Seeking: The Scourge of Transition
Criticism of Radical Reform after the Russian Financial Crash
Output: Slump and Recovery
Sharp Decline in Recorded Output and Varied Recovery
Exaggeration of the Slump
Radical Reform: Least Decline and Early Recovery
Late Reformers: Surged after 1998
Liberalization: The Creation of a Market Economy
Two Strategies of Deregulation
Liberalization of Foreign Trade
Labor Market Policy
Combat of Monopoly: Gas and Coal
A Big Bang: Vital in Deregulation
From Hyperinflation to Financial Stability
Establishing National Currencies
Radical Fiscal Adjustment Was Key
Tax Policy: From Social Democratic to Liberal
Monetary Policy: From Loose to Strict
Exchange Rates: Currency Board or Free Float
Dramas of Financial Stabilization
Privatization: The Establishment of Private Property Rights
Differing Aims of Privatization
Small-Scale Privatization: If Started, Swiftly Done
Large-Scale Privatization: The Biggest Headache
Privatization of Land, Real Estate, and Housing
New Enterprise Development: The Ultimate Success
Great Achievements of Privatization
Vital: Speed and Legitimacy of Property Rights
An Inefficient Social System
Incomes: Differentiation and Poverty
Life and Health
Education Adjusting to Demand
Social Transfers and Pension Reform
Three Alternative Social Models
Democracy versus Authoritarianism
Democratic Breakthrough: Critical for Successful Transformation
An Underreform Trap
Renewed Democratization: Colored Revolutions
Parties, Electoral Rules, and Constitutions
How to Tame the Leviathan: Reform of the Communist State
Public Opinion and Ideology
Democracy and Democracy Aid
From Crime toward Law
An Explosion of Crime
Attempts at Building a Legal System
Corruption: The Bane of Transition
The Role of Oligarchs
Who Are the Oligarchs?
The Economics of Oligarchy
The Politics of Oligarchy
Complaints: A Matter of Ideology
A Question of Property Rights
Putin's Alternative: Centralized Dictatorship
The Impact of the Outside World
The Dream of Europe
Western Failure to Act in the East
Trade Policy: A Gulf between the EU and the CIS
International Assistance: Insufficient but Crucial
Conclusions: A World Transformed
Five Models
Achievements and Revelations
Why Certain Polices Worked and Others Did Not
Bibliography
Index

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