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

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How Capitalism Was Built: The Transformation of Central and Eastern Europe, Russia, and Central Asia image
ISBN-10:

0521683823

ISBN-13:

9780521683821

Author(s): Åslund, Anders
Edition: 1
Released: Aug 27, 2007
Format: Paperback, 372 pages

Description:

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.

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