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How Capitalism Was Built: The Transformation of Central and Eastern Europe, Russia, and Central Asia, by Anders Aslund
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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.
- Sales Rank: #1565356 in Books
- Brand: Brand: Cambridge University Press
- Published on: 2007-08-27
- Original language: English
- Number of items: 1
- Dimensions: 8.98" h x .71" w x 5.98" l, 1.09 pounds
- Binding: Paperback
- 372 pages
- Used Book in Good Condition
Review
"Describing and assessing the course, successes, and failures of transforming the former Soviet Union and seven other countries into market economies, this study has no equals in comprehensiveness and specificity.... Highly recommended." - Choice
About the Author
Anders Åslund is a leading specialist on post-communist economic transformation, especially the Russian and Ukrainian economies. In January 2006, he joined the Peterson Institute for International Economics in Washington, D.C. From 1994 until 2005, Dr Åslund worked at the Carnegie Endowment for International Peace as a senior associate and later as Director of the Russian and Eurasian Program. He is an adjunct professor at Georgetown University. He served as an economic advisor to the Russian government, 1991-94, to the Ukrainian government, 1994-97, and to President Askar Akaev of the Kyrgyz Republic, 1998-2004. Dr Åslund is the author of seven books, including Building Capitalism: The Transformation of the Former Soviet Bloc (Cambridge University Press, 2002), How Russia Became a Market Economy (1995), and Gorbachev's Struggle for Economic Reform (1989). In addition, he has edited twelve books, most recently, Revolution in Orange, and he has published widely, including in Foreign Affairs, Foreign Policy, National Interest, New York Times, Washington Post, Financial Times, and Wall Street Journal.
Most helpful customer reviews
0 of 1 people found the following review helpful.
Guidebook on transition economies
By Koo Tat Kee
Lucid and comprehensive in coverage. The readers are guided to understand the many aspects of political and economic transitions of postcommunist countries and other transition economies alike.
It might be interesting to read this book with Acemoglu's "Why nations fail" in order to see how politics interact with economics in producing different economic and political outcomes.
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