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

ISBN-10: 1107628180

ISBN-13: 9781107628182

Edition: 2nd 2012

Authors: Anders Aslund

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Description:

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-...-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.
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Book details

List price: $28.99
Edition: 2nd
Copyright year: 2012
Publisher: Cambridge University Press
Publication date: 11/12/2012
Binding: Paperback
Pages: 440
Size: 6.00" wide x 9.00" long x 1.00" tall
Weight: 1.540
Language: English

Introduction: a world transformed
Communism and its demise
Radical reform versus gradualism
Output: from slump to recovery and boom
Liberalization: the creation of a market economy
From hyperinflation to financial stability
Privatization: the establishment of private property rights
The social system
The politics of transition
From crime toward law
The importance of the European Union
The global financial crisis, 2007-2012
Conclusions: a world transformed
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