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LEADER 00000cam a2200457 a 4500
008 070312s2007 enka b 001 0 eng
020 0521683823 (pbk.) :|c$25.99
020 9780521683821 (pbk.)
020 9780521865265 (hardback)
020 0521865263 (hardback)
082 00 330.9470009/049|222
100 1 Åslund, Anders,|d1952-
245 10 How capitalism was built :|bthe transformation of Central
and Eastern Europe, Russia, and Central Asia /|cAnders
264 1 Cambridge ;|aNew York, NY :|bCambridge University Press,
300 xvi, 356 pages :|billustrations ;|c23 cm
504 Includes bibliographical references (p. 315-342) and
505 0 Communism and its demise. Real socialism. Decline and fall
of socialism. The demise of communism in Central Europe.
The collapse of the Soviet Union -- Shock therapy vs.
gradualism. The radical reform program : a big bang.
Gradual reform programs. Rent seeking : the scourge of
transition. Criticism of radical reform after the Russian
financial crash -- Output : slump and recovery. Sharp
decline in recorded output and varied recovery.
Exaggeration of the slump. Radical reform : least decline
and early recovery. Late reformers : surged after 1998 --
Liberalization : the creation of a market economy.
Different strategies of deregulation. Liberalization of
foreign trade. Labor market policy. Combat of monopoly :
gas and coal. A big bang : vital in deregulation -- From
hyperinflation to financial stability. Establishing
national currencies. Radical fiscal adjustment was key.
Tax policy : from social democratic to liberal. Monetary
policy : from loose to strict. Exchange rates : currency
board or free float. Dramas of financial stabilization --
Privatization : the establishment of private property
rights. Differing aims of privatization. Small-scale
privatization : if started, swiftly done. Large-scale
privatization : the biggest headache. Privatization of
land, real estate, and housing. New enterprise development
: the ultimate success. Great achievements of
privatization. Vital : speed and legitimacy of property
rights -- An inefficient social system. Incomes :
differentiation and poverty. Life and health. Education
adjusting to demand. Social transfers and pension reform.
Alternative social models -- Democracy vs
authoritarianism. Democratic breakthrough : critical for
successful transformation. An under-reform trap. Renewed
democratization : colored revolutions. Parties, electoral
rules, and constitutions. How to tame the leviathan :
reform of the communist state. Public opinion and
ideology. Democracy and democracy aid -- From crime toward
law. An explosion of crime. Attempts at building a legal
system. Corruption : the bane of transition -- The role of
oligarchs. Who are the oligarchs? The economics of
oligarchy. The politics of oligarchy. Complaints : a
matter of ideology. A question of property rights. Putin's
alternative : centralized dictatorship -- The role of
international assistance. The dream of Europe. Western
failure to act in the East. Trade policy : a gulf between
the EU and the CIS. International assistance :
insufficient but crucial -- Conclusions : a world
transformed. Different models. Achievements and
revelations. Why certain polices worked while others did
650 0 Post-communism|zFormer communist countries.
650 0 Privatization|zFormer communist countries.
651 0 Former communist countries|xEconomic policy.
651 0 Former communist countries|xEconomic conditions.
856 42 |3Publisher description|uhttp://www.loc.gov/catdir/
856 42 |3Contributor biographical information|uhttp://www.loc.gov
948 LTI 03/24/2019