The Transformation of the Former Soviet Bloc
By (author) Anders Aslund
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Building Capitalism by Anders Aslund
Book DescriptionA most comprehensive empirical analysis of the economic transformation of the former Soviet bloc during the first decade after communism. It debunks many myths, seeing transition as a struggle between radical reformers and those thriving on rent seeking. People have gained from fast and comprehensive reforms, but several countries have gotten stuck in corruption. Economic decline and social hazards have been greatly exaggerated, since people have forgotten how awful communism was. Swift liberalization of prices and foreign trade, as well as rapid and profound fiscal adjustment, have been vital for growth, institutional reforms, legality and greater equity. Privatization has been beneficial, and its effects will grow over time. The main problem has been the continuation of unregulated and ubiquitous state apparatuses living on corruption, while no country has suffered from too radical reforms. Where malpractices of the elite can be checked, market reforms and democracy have proceeded together.
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Book DetailsISBN: 9780521805254
(228mm x 152mm x 30mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 3-Dec-2001
Country of Publication: United Kingdom
Books By Author Anders Aslund
Europe's Growth Challenge, Hardback (February 2017)
A cogent and systematic look at the ways in which enacting fiscal and governmental policy changes might reinvigorate Europe's stagnant economy.
Ukraine, Paperback (June 2015)View all books by Anders Aslund
In this study, Anders Aslund, one of the world's leading experts on Ukraine, traces Ukraine's evolution as a market economy starting with the fall of communism and examines the economic impact of its recent difficulties.
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