Download or read book Comparison of Communist and Capitalist Economies Is Shock Therapy the Best Option during Transition written by Sanel Muranovic and published by GRIN Verlag. This book was released on 2016-11-07 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2016 in the subject Economics - Other, grade: 2,00, University of Applied Sciences Vorarlberg, language: English, abstract: This paper compares and contrasts communist party and economic planning in a socialist system with the prices and the market in a capitalist economy. It discusses the successes, failures, effectiveness and flaws of each system in terms of economic and social aspects. Is shock therapy the right approach for a stable long term transition?
Download or read book How China Escaped Shock Therapy written by Isabella M. Weber and published by Routledge. This book was released on 2021-05-26 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: China has become deeply integrated into the world economy. Yet, gradual marketization has facilitated the country’s rise without leading to its wholesale assimilation to global neoliberalism. This book uncovers the fierce contest about economic reforms that shaped China’s path. In the first post-Mao decade, China’s reformers were sharply divided. They agreed that China had to reform its economic system and move toward more marketization—but struggled over how to go about it. Should China destroy the core of the socialist system through shock therapy, or should it use the institutions of the planned economy as market creators? With hindsight, the historical record proves the high stakes behind the question: China embarked on an economic expansion commonly described as unprecedented in scope and pace, whereas Russia’s economy collapsed under shock therapy. Based on extensive research, including interviews with key Chinese and international participants and World Bank officials as well as insights gleaned from unpublished documents, the book charts the debate that ultimately enabled China to follow a path to gradual reindustrialization. Beyond shedding light on the crossroads of the 1980s, it reveals the intellectual foundations of state-market relations in reform-era China through a longue durée lens. Overall, the book delivers an original perspective on China’s economic model and its continuing contestations from within and from without.
Download or read book The Shock Doctrine written by Naomi Klein and published by Metropolitan Books. This book was released on 2010-04-01 with total page 721 pages. Available in PDF, EPUB and Kindle. Book excerpt: The bestselling author of No Logo shows how the global "free market" has exploited crises and shock for three decades, from Chile to Iraq In her groundbreaking reporting, Naomi Klein introduced the term "disaster capitalism." Whether covering Baghdad after the U.S. occupation, Sri Lanka in the wake of the tsunami, or New Orleans post-Katrina, she witnessed something remarkably similar. People still reeling from catastrophe were being hit again, this time with economic "shock treatment," losing their land and homes to rapid-fire corporate makeovers. The Shock Doctrine retells the story of the most dominant ideology of our time, Milton Friedman's free market economic revolution. In contrast to the popular myth of this movement's peaceful global victory, Klein shows how it has exploited moments of shock and extreme violence in order to implement its economic policies in so many parts of the world from Latin America and Eastern Europe to South Africa, Russia, and Iraq. At the core of disaster capitalism is the use of cataclysmic events to advance radical privatization combined with the privatization of the disaster response itself. Klein argues that by capitalizing on crises, created by nature or war, the disaster capitalism complex now exists as a booming new economy, and is the violent culmination of a radical economic project that has been incubating for fifty years.
Download or read book Regional Economic Issues Special Report 25 Years of Transition written by Mr.James Roaf and published by International Monetary Fund. This book was released on 2014-10-17 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: The past 25 years have seen a dramatic transformation in Europe’s former communist countries, resulting in their reintegration with the global economy, and, in most cases, major improvements in living standards. But the task of building full market economies has been difficult and protracted. Liberalization of trade and prices came quickly, but institutional reforms—such as governance reform, competition policy, privatization and enterprise restructuring—often faced opposition from vested interests. The results of the first years of transition were uneven. All countries suffered high inflation and major recessions as prices were freed and old economic linkages broke down. But the scale of output losses and the time taken for growth to return and inflation to be brought under control varied widely. Initial conditions and external factors played a role, but policies were critical too. Countries that undertook more front-loaded and bold reforms were rewarded with faster recovery and income convergence. Others were more vulnerable to the crises that swept the region in the wake of the 1997 Asia crisis.
Download or read book Red Plenty written by Francis Spufford and published by Graywolf Press. This book was released on 2012-02-14 with total page 437 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Spufford cunningly maps out a literary genre of his own . . . Freewheeling and fabulous." —The Times (London) Strange as it may seem, the gray, oppressive USSR was founded on a fairy tale. It was built on the twentieth-century magic called "the planned economy," which was going to gush forth an abundance of good things that the lands of capitalism could never match. And just for a little while, in the heady years of the late 1950s, the magic seemed to be working. Red Plenty is about that moment in history, and how it came, and how it went away; about the brief era when, under the rash leadership of Khrushchev, the Soviet Union looked forward to a future of rich communists and envious capitalists, when Moscow would out-glitter Manhattan and every Lada would be better engineered than a Porsche. It's about the scientists who did their genuinely brilliant best to make the dream come true, to give the tyranny its happy ending. Red Plenty is history, it's fiction, it's as ambitious as Sputnik, as uncompromising as an Aeroflot flight attendant, and as different from what you were expecting as a glass of Soviet champagne.
Download or read book A Normal Country written by Andrei Shleifer and published by Harvard University Press. This book was released on 2005 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a firsthand glimpse into the intellectual challenges that Russia's turbulent transition generated. It deals with many of the most important reforms, from Gorbachev's half-hearted "perestroika," to the mass privatization program, to the efforts to build legal and regulatory institutions of a market economy.
Download or read book Varieties of Post communist Capitalism written by Iván Szelényi and published by BRILL. This book was released on 2019-11-26 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book intends to be a contribution to the varieties of capitalism paradigm. Our main question is to what extent the present system in Russia, the model of President Putin is a generic model for all post-communist capitalisms.
Download or read book Theorizing Transition written by John Pickles and published by Routledge. This book was released on 2005-08-31 with total page 519 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examining transformations using a variety of perspectives Theorizing Transition provides both a rich empirical map of the dimensions of post-Communism and raises important theoretical issues about how we interpret these changes.
Download or read book From Triumph to Crisis written by Hilary Appel and published by Cambridge University Press. This book was released on 2018-05-10 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explains the surprising endurance of neoliberal policymaking over two decades in post-Communist countries, from 1989-2008, and its decline after the financial crash.
Download or read book Transition and Economics written by Gérard Roland and published by MIT Press. This book was released on 2000 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: The transition from socialism to capitalism in former socialist economies has transformed the economic structure. This book provides an overview of research on the issues raised by the shift from collective to private ownership.
Download or read book From Socialism to Capitalism written by J nos Kornai and published by Central European University Press. This book was released on 2008-01-01 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: The subjects common to the eight studies in this book are socialism, capitalism, democracy, and change of system. The studies are arranged according to the course of history. The starting point is the "classical", pre-reform socialist system (study 1). Then come the discussions about reforms that remain within the socialist system (studies 2 and 3). The second half of the book concerns the subject of the change of system (studies 4-7).
Download or read book The Private Sector after Communism written by Vladimir Banacek and published by Routledge. This book was released on 2004-06-01 with total page 179 pages. Available in PDF, EPUB and Kindle. Book excerpt: The transformation of state-owned enterprises into privately owned ones is commonly referred to as 'privatization'. Just as important as this process, though sometimes not given the attention it deserves and requires, is the establishment and expansion of new private firms. This book analyzes new entrepreneurial firms that emerge and occasionally flourish after a period of state communism has come to an end. The authors rightly focus on the aftermath of the end of communism by looking first at the inevitable output decline, followed by an overview of new entrepreneurial firms. Specific East European examples are examined and the lessons which can be learned from these will interest academics and policy-makers alike. Committed and knowledgeable authors in this book treat the sometimes emotive issue of transition-developing economies maturely and expertly. The result is a volume which will interest scholars with an interest in transition economics and politics, as well as those who actively work in transition economies.
Download or read book Corporate Governance and Financial Reform in China s Transition Economy written by Jing Leng and published by Hong Kong University Press. This book was released on 2009-06-01 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world economy is facing unprecedented challenges brought by the still unfolding global financial crisis. At this critical juncture in history, China's economic performance and financial stability are closely watched across the world. The current global economic downturn and the rigidities it poses on the growth prospects of any individual economy are a testing ground for the effects of China's corporate governance reform and financial reform that have been taking place in recent years. It is now a proper time to assess whether these reforms have yielded meaningful results which can help China withstand and navigate through the most severe economic difficulties of our times. This book provides a comprehensive and up-to-date review and critique of corporate governance reforms and related financial reforms in China during the country's transition to a market economy, involving its enterprise, banking and capital markets sectors. China's participation in economic globalization, symbolized by its accession to the World Trade Organization, is taken as a broad background to the country's domestic reform agenda. By exploring the dynamics of China's evolving corporate governance regime, this book presents an important country study of corporate governance reforms in developing and post-communist transition economies to show the possibility of alternative paths to the market.
Download or read book Necroeconomics written by Vladimer Papava and published by iUniverse. This book was released on 2005 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: Necroeconomics and post-communist transformation of economy : the political economy of post-communist capitalism (lessons from Georgia) / Vladimer Papava, c2005.
Download or read book How Capitalism Was Built written by Anders Aslund and published by Cambridge University Press. This book was released on 2013 with total page 441 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second edition updates all chapters and covers the impacts of the global financial crisis and the European Union.
Download or read book Russia s Capitalist Revolution written by Anders Åslund and published by Peterson Institute. This book was released on 2007 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Different Strategies of Transition to a Market Economy written by Marek D?browski and published by World Bank Publications. This book was released on 1996 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
