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How Capitalism Was Built

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  • Aslund,Anders

Abstract

Anders Aslund is known to make bold predictions that initially arouse controversy but soon become common wisdom. In Gorbachev's Struggle for Economic Reform (1989), he foresaw the collapse of the Soviet political and economic system. After Russia's financial crisis of 1998, observers declared the market economic experiment a failure, Aslund foresaw market economic success (Building Capitalism, 2002). In How Capitalism Was Built, 2nd Edition, he asks - and answers for the twenty-one countries he investigates: • Why did communism collapse? • Why did Russia not choose gradual reforms like China did? • Wherein lies the relative success of postcommunist transformation? • How did the oligarchs arise and decline vis-à -vis authoritarian leaders? Anyone who wants to understand the often confusing postcommunist dramas and obtain an early insight into the future will find this intellectually stimulating book useful. This edition includes updates to each chapter and new chapters on the impact of the global financial crisis and the European Union.

Suggested Citation

  • Aslund,Anders, 2013. "How Capitalism Was Built," Cambridge Books, Cambridge University Press, number 9781107628182.
    • Handle: RePEc:cup:cbooks:9781107628182
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    Cited by:

    1. J. David Brown & John S. Earle & Solomiya Shpak & Volodymyr Vakhitov, 2019. "Is Privatization Working in Ukraine?," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 61(1), pages 1-35, March.
    2. Becker, Torbjörn, 2019. "Russia’s macroeconomy—a closer look at growth, investment, and uncertainty," SITE Working Paper Series 49, Stockholm School of Economics, Stockholm Institute of Transition Economics.
    3. Ignatov Augustin, 2019. "Institutional Efficiency, Entrepreneurship, and the Premises of Economic Development in the Eastern European Countries," Studia Universitatis Babeș-Bolyai Oeconomica, Sciendo, vol. 64(2), pages 12-32, August.
    4. Ichiro Iwasaki & Taku Suzuki, 2016. "Radicalism Versus Gradualism: An Analytical Survey Of The Transition Strategy Debate," Journal of Economic Surveys, Wiley Blackwell, vol. 30(4), pages 807-834, September.
    5. Blien Uwe & Möller Joachim & Hong Van Phan thi & Brunow Stephan, 2016. "Long-Lasting Labour Market Consequences of German Unification," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 236(2), pages 181-216, March.
    6. Ichiro IWASAKI & Satoshi MIZOBATA, 2018. "Post-Privatization Ownership And Firm Performance: A Large Meta-Analysis Of The Transition Literature," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 89(2), pages 263-322, June.
    7. Vera Ivanova, 2018. "Spatial convergence of real wages in Russian cities," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 61(1), pages 1-30, July.
    8. Anthony Evans, 2009. "Constitutional moments in Eastern Europe and subjectivist political economy," Constitutional Political Economy, Springer, vol. 20(2), pages 118-138, June.
    9. Niftiyev, Ibrahim, 2021. "Performance Evaluation of the Fruit and Vegetable Subsectors in the Azerbaijani Economy: A Combinatorial Analysis Using Regression and Principal Component Analysis," EconStor Conference Papers 235494, ZBW - Leibniz Information Centre for Economics.
    10. K. B. Usha, 2014. "Social Consequences of Neoliberal Economic Crisis and Austerity Policy in the Baltic States," International Studies, , vol. 51(1-4), pages 72-100, January.
    11. David A. Ralston & Carolyn P. Egri & Irina Naoumova & Len J. Treviño & Katsuhiko Shimizu & Yongjuan Li, 2020. "An empirical test of the trichotomy of values crossvergence theory," Asia Pacific Journal of Management, Springer, vol. 37(1), pages 65-90, March.
    12. Torbjörn Becker & Anders Olofsgård, 2018. "From abnormal to normal : Two tales of growth from 25 years of transition," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 26(4), pages 769-800, October.
    13. David Stuckler & Lawrence King & Greg Patton, 2009. "The Social Construction of Successful Market Reforms," Working Papers wp199, Political Economy Research Institute, University of Massachusetts at Amherst.
    14. Anders Åslund, 2017. "Lessons from the Collapse of the Ruble Zone," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 17(04), pages 12-18, January.
    15. Dimitrios Zikos, 2020. "Revisiting the Role of Institutions in Transformative Contexts: Institutional Change and Conflicts," Sustainability, MDPI, vol. 12(21), pages 1-20, October.
    16. Martin Klesment & Allan Puur, 2010. "Effects of education on second births before and after societal transition: Evidence from the Estonian GGS," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 22(28), pages 891-932.
    17. Anders Aslund, 2014. "An Economic Strategy to Save Ukraine," Policy Briefs PB14-24, Peterson Institute for International Economics.
    18. Johannes C. Buggle & Steven Nafziger, 2021. "The Slow Road from Serfdom: Labor Coercion and Long-Run Development in the Former Russian Empire," The Review of Economics and Statistics, MIT Press, vol. 103(1), pages 1-17, March.
    19. Nadia Albu & Cătălin Nicolae Albu & Andrei Filip, 2017. "Corporate Reporting in Central and Eastern Europe: Issues, Challenges and Research Opportunities," Accounting in Europe, Taylor & Francis Journals, vol. 14(3), pages 249-260, September.
    20. Iwasaki, Ichiro & Tokunaga, Masahiro, 2014. "Macroeconomic Impacts of FDI in Transition Economies: A Meta-Analysis," World Development, Elsevier, vol. 61(C), pages 53-69.
    21. Gary Hufbauer & Barbara Kotschwar & Cathleen Cimino, 2014. "Steps to Economic Normalization with Cuba: A Roadmap for US Policymakers," Annual Proceedings, The Association for the Study of the Cuban Economy, vol. 24.
    22. Anders Åslund, 2018. "Ten lessons from a quarter of a century of post‐communist economic transformation," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 26(4), pages 851-862, October.
    23. Raj Yadav, 2016. "Economic Transformation in Central Asia: A Journey of Twenty-five Years," International Studies, , vol. 53(3-4), pages 286-304, July.
    24. Anders Åslund, 2016. "Why Have the Baltic Tigers Been So Successful?," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 16(04), pages 03-08, January.
    25. Sebastian Klüsener & Aiva Jasilioniene & Victoriya Yuodeshko, 2019. "Retraditionalization as a pathway to escape lowest-low fertility? Characteristics and prospects of the Eastern European “baby boom”," MPIDR Working Papers WP-2019-014, Max Planck Institute for Demographic Research, Rostock, Germany.

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