How Capitalism Was Built
The Transformation of Central and Eastern Europe, Russia, and Central Asia
1st Edition
Published on 22. January 2008
978-0-511-33989-9 (ISBN)
Description
Anders Aslund foresaw the collapse of the Soviet Union in his book Gorbachev's Struggle for Economic Reform (1989). He depicted the success of Russia's market transformation in How Russia Became a Market Economy (1995). After Russia's financial crisis of 1998, Aslund insisted that Russia had no choice but to adjust to the world market (Building Capitalism, 2001), though most observers declared the market economic experiment a failure. Why did Russia not choose Chinese gradual reforms? Why are the former Soviet countries growing much faster than the Central European economies? How did the oligarchs arise? Who is in charge now? These are just some of the questions answered in How Capitalism Was Built, covering twenty-one former communist countries from 1989 to 2006. Anybody who wants to understand the confusing dramas unfolding in the region and to obtain an early insight into the future will find this book useful and intellectually stimulating.
Reviews / Votes
' ... a must for anyone interested in the transformation of post-communist economies.' The International SpectatorMore details
Language
English
Place of publication
Cambridge
United Kingdom
Publishing group
Cambridge University Press
Target group
College/higher education
Professional and scholarly
Illustrations
Worked examples or Exercises; 7 Tables, unspecified; 7 Plates, unspecified
File size
2,83 MB
ISBN-13
978-0-511-33989-9 (9780511339899)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Anders Aslund
How Capitalism Was Built
The Transformation of Central and Eastern Europe, Russia, and Central Asia
Book
09/2007
Cambridge University Press
€61.90
Article exhausted; check for reprint
Anders Aslund
How Capitalism Was Built
The Transformation of Central and Eastern Europe, Russia, and Central Asia
Book
08/2007
Cambridge University Press
€24.75
Article exhausted; check for reprint
Person
Anders Aslund 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 Aslund 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 Aslund 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.
Content
Introduction: a world transformed; 1. Communism and its demise; 2. Shock therapy vs. gradualism; 3. Output: slump and recovery; 4. Liberalisation: the creation of a market economy; 5. From hyper-inflation to financial stability; 6. Privatisation: the establishment of private property rights; 7. An inefficient social system; 8. Democracy vs. authoritarianism; 9. From crime toward law; 10. The role of oligarchs; 11. The role of international assistance; 12. Conclusions: a world transformed.
