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The authors offer a comprehensive and critical study that examines why neoliberal economic programs have experienced unexpected difficulties in Eastern Europe.

Transition from central planning to a market economy, involving large-scale institutional change and reforms at all levels, is often described as the greatest social science experiment in modern times. As more than two decades have passed since the fall of the Berlin Wall and the collapse of the Soviet Union, it is now an excellent time to take stock of how the transition process has turned out for the economies that have moved on from socialism and the command economy. This new handbook assembles a team of leading experts, many of whom were closely involved in the transition process as policymakers and policy advisors, to explore the major themes that have characterized the transition process. After identifying the nature of initial conditions and the strengths and weaknesses of institutions, the varying paths and reforms countries have taken are fully analyzed – from the shock therapy, privatization or gradualism of the early years to the burning issues of the present including global integration and sustainable growth. Topics covered include the socialist system pre-transition, economic reforms, institutions, the political economy of transition, performance and growth, enterprise restructuring, and people and transition. The country coverage is also extensive, from the former socialist countries of the USSR and the satellite states of Central and Eastern Europe to the Asian countries of China, Vietnam and others. The rise of China as a key actor in the drama is chronicled, along with the emergence of a new, more confident, oil-rich Russia. The comparative prosperity of the Central European countries such as Poland and the Czech Republic is contrasted with the mixed fortunes of the former USSR, where some countries are stagnating while others boom. This Handbook of the Economics and Political Economy of Transition is the definitive guide to this new order of things in the former Communist world.

Winner of the 2010 W.J.M. Mackenzie Prize for Best Political Science Book of the Year 2010 The relentless rise of Communism was the most momentous political development of the first half of the twentieth century. No political change has been more fundamental than its demise in Europe and its decline elsewhere. In this hugely acclaimed book Archie Brown provides an indispensable history that examines the origins of the ideology, its development in different countries, its collapse in many states following the Soviet perestroika, and its current incarnations around the globe. The Rise and Fall of Communism explains how and why Communists came to power; how they were able, in a variety of countries on different continents to hold on to power for so long; and what brought about the downfall of so many Communist systems. A groundbreaking work from an internationally renowned specialist, this is the definitive study of the most remarkable political and human story of our times.

Book three of Kiyoshi Kobayashi's memoir and philosophical treatise. Communist doctrines and practice in Russia and China.

A comparative study of the political economy of the transition from communism in East and Southeast Asian countries (China, North Korea, Vietnam, Laos and Cambodia), addressing the key theoretical questions generated from the debate between shock-therapists and gradualists. While accurately defining the pre-reform model, this book explores the causal variables that have contributed to reform efforts within Asia, examining the significance of the sequencing of political and economic transition and the interplay between politics and the economy in determining variations in transition outcomes. Comparing the 'real world' experiences of transition nations in communist Asia with Eastern Europe, prominent questions are brought to the fore; will market capitalism or market socialism prevail after the grand failure of communism? This book makes an important contribution to the political economy theory of comparative communist and post-communist studies and provides detailed analytical insights that will prove influential in future theoretical work.

This collection of essays discuss the economic policy problems that confront postcommunist countries. Most chapters focus on liberalization of the exchange rate and trade system, macroeconomic stabilization, and institutional reform.