The March to Capitalism in the Transition Countries

1st Edition

Irving S. Michelman

Routledge
Published June 5, 2019
Reference - 176 Pages
ISBN 9781138336476 - CAT# K393722
Series: Routledge Revivals

For Instructors Request Inspection Copy

was $110.00

USD$88.00

SAVE ~$22.00

Add to Wish List
FREE Standard Shipping!

Summary

First published in 1998, this book analyses and reconsiders one of the great economic dramas of Western history, the march to capitalism in Russia, Hungary, Poland, and the Czech Republic. The period is from 1989, after the fall of the Berlin Wall, when the liberated countries rushed headlong into democracy and capitalism. Special emphasis is on the role, often misunderstood, played by the Western-dominated aid agencies, the International Monetary Fund and the World Bank. They were called in while the Western countries dawdled and made empty promises. They basically financed and guided the transition, their own funds amounting to $50 billion, while issuing free-market strictures in the process. This reflected the supremacy of such ideology in the Thatcher-Reagan era. Russia, in its agony, offers a laboratory for the conflicting claims of free-market theory against a more pragmatic, experimental approach. China's hybrid-capitalism is also analyzed and compared.

Instructors

We provide complimentary e-inspection copies of primary textbooks to instructors considering our books for course adoption.

Request an
e-inspection copy

Share this Title