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How capitalism was built : the transformation of Central and Eastern Europe, Russia, and Central Asia.
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ISBN: 9780521683821 9780521865265 9780511790416 0511790414 9780511342653 0511342659 9780511339899 0511339895 9780511341014 0511341016 0521683823 0521865263 1107178649 9786611085230 0511342128 0511341598 0511573316 1281085235 9781107178649 9781281085238 6611085238 9780511342127 9780511341595 9780511573316 Year: 2007 Publisher: Cambridge Cambridge university press

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Abstract

Anders Åslund 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, Åslund 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.

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