Economic Reforms in New Democracies: A Social-Democratic Approach
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    Economic Reforms in New Democracies: A Social-Democratic Approach
    Luiz Carlos Bresser Pereira , José María Maravall , and Adam Przeworski
    Manufacturer: Cambridge University Press
    ProductGroup: Book
    Binding: Paperback

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    1. Economic Crisis and Policy Choice Economic Crisis and Policy Choice
    2. The Politics of Economic Adjustment The Politics of Economic Adjustment

    ASIN: 0521438454

    Book Description

    Transitions to democracy from authoritarian political systems have often occurred at times of economic crisis. The reforms required to transform the economic systems often cause sever material hardships for vast sectors of the population. Hence, new democracies forming under such circumstances confront a formidable challenge: to consolidate the nascent political institutions under conditions of economic hardship.
    Designing Financial Systems in Transition Economies: Strategies for Reform in Central and Eastern Europe
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      Designing Financial Systems in Transition Economies: Strategies for Reform in Central and Eastern Europe

      Manufacturer: The MIT Press
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      Binding: Hardcover

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      1. Emerging Financial Markets Emerging Financial Markets

      ASIN: 0262133911

      Book Description

      This collection examines the design of financial systems for central and eastern European countries engaged in the transition to market-based economies. It highlights the need for better approaches to measuring performance and providing incentives in banking and for financial mechanisms to encourage private-sector growth. Written by leading European and North American scholars, the essays apply modern finance theory and empirical data to the development of new financial sectors.

      Two broad themes emerge. The first is the critical relationship between reforms in the financial sector and in the real economy. Lending policies, which have a significant impact on business performance, need to discourage bad firm performance without prematurely liquidating potentially profitable enterprises. Conversely, the quality of firms influences the financial sector. If banks cannot find good credit risks, they cannot improve the quality of their portfolios. Until a critical mass of viable firms is built, equity markets will not develop sufficiently. The second theme is that the lack of fully developed markets and institutions may distort the policy outcomes predicted under models based on fully developed economies. Reliance on these models may therefore be inappropriate for transition economies.
      Democracy and the Market: Political and Economic Reforms in Eastern Europe and Latin America (Studies in Rationality and Social Change)
      Average customer rating: 4.5 out of 5 stars
      • Best political economy
      • Excellent book
      • Sophisticated, profound, and interesting!!!!
      Democracy and the Market: Political and Economic Reforms in Eastern Europe and Latin America (Studies in Rationality and Social Change)
      Adam Przeworski
      Manufacturer: Cambridge University Press
      ProductGroup: Book
      Binding: Paperback

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      Similar Items:
      1. Transitions from Authoritarian Rule: Tentative Conclusions about Uncertain Democracies Transitions from Authoritarian Rule: Tentative Conclusions about Uncertain Democracies
      2. Democracy and Development: Political Institutions and Well-Being in the World, 19501990 (Cambridge Studies in the Theory of Democracy) Democracy and Development: Political Institutions and Well-Being in the World, 19501990 (Cambridge Studies in the Theory of Democracy)
      3. Problems of Democratic Transition and Consolidation: Southern Europe, South America, and Post-Communist Europe Problems of Democratic Transition and Consolidation: Southern Europe, South America, and Post-Communist Europe
      4. Social Origins of Dictatorship and Democracy: Lord and Peasant in the Making of the Modern World Social Origins of Dictatorship and Democracy: Lord and Peasant in the Making of the Modern World
      5. Making Democracy Work: Civic Traditions in Modern Italy Making Democracy Work: Civic Traditions in Modern Italy

      ASIN: 052142335X

      Book Description

      The quest for freedom from hunger and repression has triggered in recent years a worldwide movement toward political democracy and economic rationality. Never have so many people experimented with democratic institutions. At the same time, traditional strategies of economic development have collapsed in Eastern Europe and Latin America and entire economic systems are being transformed on both continents. What should we expect in the countries that venture on the paths to democracy and markets? Will these transitions result in democracies or in new dictatorships? What economic system, new or old, will emerge? This major book analyzes recent events in Eastern Europe and Latin America, focusing on transitions to democracy and market-oriented economic reforms. The author underscores the interdependence of political and economic transformations and draws on extensive local data as part of his analysis. A distinctive feature of the book is that it employs models derived from politics, economics, and game theory. This book will be of particular interest to scholars and graduate students in political science and sociology.

      Customer Reviews:

      4 out of 5 stars Best political economy.......2006-06-16

      I read this book in 1995 and I have never found a better one in analyzing democratization since then. His idea on democracy as a result of "spontaneous compliance" is so powerful that nothing else can actually stimulate more on a research direction for the preconditions of democratization process in countries like China.

      It can be read together with his "Democracy and the Rule of Law", which addresses the question of why governments act or do not act according to laws, and interprets the rule of law as a strategic choice of actors with powerful interests (rather than as an exogenous constraint on politicians), and concludes that the rule of law emerges when no group is strong enough to dominate the others and political actors seek to resolve their conflicts by recourse to law.

      Unfortunately, Adam Przeworski is later on obsessed with math, statistics, graphs, and aggregate analysis instead going deeper into specific political culture, which is yet another sad example of how mathematical academics continues to ruin more economists and political scientists (States and Markets: A Primer in Political Economy, 2003). The point is, applied mathematics and statistics concern with correlation, social scientists concern with causation. Mathematics and statistics are good tools, but social scientists are not technicians. If all they can do is applying mathematics and statistics without institutional analysis or policy analysis, they are in a wrong career.

      5 out of 5 stars Excellent book.......1999-09-07

      Adam Przeworski is one of the top five political scientists of the world. "Democracy and the Market" is amazing and should be read by everybody that wants to know why democracies last (or don't). Przeworski is probably one of the few writers that compare the situation in East Europe with the situation in Latin America. And he does it perfectly. A bit technical at times but a very contemporary work of Political Science. A must buy.

      5 out of 5 stars Sophisticated, profound, and interesting!!!!.......1999-06-21

      Przeworski's writing is always penetrating. This is the best work that I've ever read in the literature of political economy and comparative politics. Although his approach is too much immersed in rational-choice, he knows the history of political philosophy. Although he is basically a Marx-oriented scholar, he correctly understand what neo-classical theories are lacking. Adam Przeworki is a rare intellectual who combine science with philosophy. is worth buying and worth reading although somehow technical.
      Stabilizing and Integrating the Balkans: Economic Analysis of the Stability Pact, EU Reforms and International Organizations (American and European Economic and Political Studies)
      Average customer rating: 5 out of 5 stars
      • A Network Approach to Deal with Global Conflicts
      Stabilizing and Integrating the Balkans: Economic Analysis of the Stability Pact, EU Reforms and International Organizations (American and European Economic and Political Studies)
      Paul J.J. Welfens
      Manufacturer: Springer
      ProductGroup: Book
      Binding: Hardcover

      Development & GrowthDevelopment & Growth | Economics | Business & Investing | Subjects | Books
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      ASIN: 3540417753

      Book Description

      There is a complex challenge of economic recovery and reconstruction given long-term economic deterioration and war-related destruction in the Balkans. The Balkan Stability Pact stands for a networked approach of international organizations to deal with these problems. The analysis critically looks into strategies, actors, and preliminary results. There are shortcomings and inconsistencies and there is some potential for transatlantic conflicts over the issue of burden sharing. There is also a risk of EU imperial overstretch facing eastern and south-eastern EU enlargement.

      Customer Reviews:

      5 out of 5 stars A Network Approach to Deal with Global Conflicts.......2001-10-23

      "Stabilizing and Integrating the Balkans" is an extremely insightful and timely analysis of how-in a globalized world-national governments and international organizations can form a network to deal with regional conflicts. As the foundation for his analysis, Paul Welfens describes the conditions in the Balkans at the end of the Kosovo War and analyzes how the international community has tried to create the conditions for sustained economic growth and political stability in the region. In addition to providing relevant and detailed economic, political, and institutional information, Paul Welfens looks critically at the key actors of the Stability Pact. The book shows that the approached used in the Balkans could become a model for future cooperation among national governments and international organizations to deal with similar political and economic challenges in other parts of the world. Paul Welfens, however, also identifies inconsistencies that should be overcome. Areas of particular concern are the future transatlantic relationship between Europe and the U.S. as well as the enlargement of the European Union.

      While the book focuses on the Balkans in the aftermath of the Kosovo crisis, the reader cannot avoid asking the question of how the experiences from the Balkans could also be used to overcome political instability and poor economic conditions in other conflict regions of the world. For example, in the aftermath of the events in the U.S. on September 11, the international community is confronted with a volatile situation in Afghanistan and the surrounding countries such as Pakistan and India. In many respect, a network approach similar to that in the Balkans will be required to stabilize the conditions in that part of the world as well.

      The book is an extremely valuable source for anybody interested in the Balkans. However, it appeals to an even larger audience and is very useful for economic policymakers as well as political scientists. It is highly recommended.
      The Globalisation of Poverty: Impacts of Imf and World Bank Reforms
      Average customer rating: 4.5 out of 5 stars
      • disappointing
      • Timely thoughts from a real economist
      • Very Good thoughts on the eve of the Millennium
      • A devastating critique of neoliberalism
      The Globalisation of Poverty: Impacts of Imf and World Bank Reforms
      Michel Chossudovsky
      Manufacturer: Zed Books
      ProductGroup: Book
      Binding: Hardcover

      Development & GrowthDevelopment & Growth | Economics | Business & Investing | Subjects | Books
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      ASIN: 1856494012

      Customer Reviews:

      3 out of 5 stars disappointing.......2004-05-31

      This book is often thought-provoking, but ultimately too shallow. Too many of its conclusions are just stated without enough justification. Although not quite as quick to read, Stiglitz' "Globalization and its discontents" goes much deeper and has a more balanced point of view.

      5 out of 5 stars Timely thoughts from a real economist.......2000-03-28

      Free thinking economists such as Mr Chossudovsky are few and far between. Please take the time to read about the reality of what we have been lured into.

      5 out of 5 stars Very Good thoughts on the eve of the Millennium.......1999-10-27

      These are some wonderful thougts that have stimulated my mind into asking the question "CanAfricansThink?".This book exposes the disguise of mainstream economics which leaves human society's precious values at the hands of economic lust.All Africans need to know about this big con job being operated under the disguise of macro economics.

      5 out of 5 stars A devastating critique of neoliberalism.......1999-05-02

      Looking at case studies from around the developing world, backed up with a strong theoretical analysis of the IMF and World Bank's role in the international economy, the globalisation of poverty brings the reader to one stark conclusion: 'Poverty is an input on the supply side, (of the global economy.)' Particularly interesting is Chossudovsky's explanation of the economic 'miracle' of Vietnam, while his analysis of the Yugoslav disaster, co-sponsored by the IMF and international financial investors, is very timely indeed. As Chossudovsky explains, the IMF and World Bank reforms have not merely suppressed populist and socialist economic measures and achievements; they have also prevented the development of national capitalisms, by creating economies directed towards the needs of the capitalist core states, rather than to the national market. For those harbouring any illusions about the economic order which governs humanity at the end of this century, this book is a necessary read. It's a pity that Chossudovsky works at the University of Ottawa and not the LSE, an institution that definitely needs realistic economists like him.
      Judicial Systems in Transition Economies: Assessing the Past, Looking to the Future
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        Judicial Systems in Transition Economies: Assessing the Past, Looking to the Future
        James H. Anderson , David Bernstein , and Cheryl Williamson Gray
        Manufacturer: World Bank Publications
        ProductGroup: Book
        Binding: Paperback

        CourtsCourts | Procedures & Litigation | Law | Subjects | Books
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        ASIN: 0821361899

        Product Description

        Judicial Systems in Transition Economies looks at the experience of countries in Central and Eastern Europe and the Baltics (CEE) and the Commonwealth of Independent States (CIS) as they reform their legal and judicial institutions to fit the needs of a market economy. The study shows, rather disturbingly, that less progress has been made in judicial reform than in most other areas of institutional reform in these countries. The transition from socialism to capitalism requires a fundamental reorientation of legal and judicial institutions. This study reviews the environment preceding reforms, forces that provoked and supported them, and the reform agendas undertaken in these countries since 1990. Against this background, it exposes the impact of reforms, implementation gaps, and the underlying determinants of success and failure. The report examines how courts have performed, and reveals their impact on public opinion and the business environment. It provides insight into linkages among reforms as well as linkages between reforms and public demand for a fair judiciary. The authors show that while each country presents different challenges and opportunities, certain lessons apply in most settings. Their insights and data would be useful to policy makers, judicial personnel, and those involved in reforming judiciaries. The study draws on numerous data sources. These include the World Bank, the European Bank for Reconstruction and Development (EBRD, the American Bar Association¡VCentral European and Eurasian Law Initiative (ABA¡VCEELI), the World Values Survey, the World Economic Forum, and the University of Strathclyde.

        Download Description

        "Judicial Systems in Transition Economies looks at the experience of countries in Central and Eastern Europe and the Baltics (CEE) and the Commonwealth of Independent States (CIS) as they reform their legal and judicial institutions to fit the needs of a market economy. The study shows, rather disturbingly, that less progress has been made in judicial reform than in most other areas of institutional reform in these countries. The transition from socialism to capitalism requires a fundamental reorientation of legal and judicial institutions. This study reviews the environment preceding reforms, forces that provoked and supported them, and the reform agendas undertaken in these countries since 1990. Against this background, it exposes the impact of reforms, implementation gaps, and the underlying determinants of success and failure. The report examines how courts have performed, and reveals their impact on public opinion and the business environment. It provides insight into linkages among reforms as well as linkages between reforms and public demand for a fair judiciary. The authors show that while each country presents different challenges and opportunities, certain lessons apply in most settings. Their insights and data would be useful to policy makers, judicial personnel, and those involved in reforming judiciaries. The study draws on numerous data sources. These include the World Bank, the European Bank for Reconstruction and Development (EBRD, the American Bar Association-Central European and Eurasian Law Initiative (ABA-CEELI), the World Values Survey, the World Economic Forum, and the University of Strathclyde."
        Highway and Byways: Studies on Reform and Postcommunist Transition
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          Highway and Byways: Studies on Reform and Postcommunist Transition
          János Kornai
          Manufacturer: The MIT Press
          ProductGroup: Book
          Binding: Hardcover

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          ASIN: 0262111985

          Book Description

          Hungarian economist János Kornai first used the metaphor of a single path to postsocialist transition in his earlier book, The Road to a Free Economy. The new metaphor that frames this collection of recent studies reflects a broader perspective and understanding of the complexities of transition: every highway and byway leads eventually to capitalism, Kornai observes, but to what kind, how fast, and at what cost? Who wins and who loses?

          Kornai draws from his experiences of Hungarian reform as well as from countries of the former Soviet Union to make several major points. The first three studies describe what went wrong in countries that tried to mix elements of planned and market economies. Efforts made by communist countries to introduce market socialism (the "middle road") contained an inherent contradiction between the logic of socialism and the logic of a free enterprise system, and were doomed to failure.

          In the studies that follow, Kornai analyzes the ongoing dilemmas. The transition from communism to free enterprise is filled with daunting hurdles; it requires no less than redefining ownership, changing values concerning the distribution of wealth, transferring the control of political power, creating financial institutions and enforcing financial discipline, and making deep economic sacrifice. Kornai closes with an overall survey of postsocialist transition, describing the stages that countries tend to go through, that will be particuarly useful to scholars of comparative economic systems.
          Reinventing Media: Media Policy Reform in East Central Europe (CPS Books)
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            Reinventing Media: Media Policy Reform in East Central Europe (CPS Books)

            Manufacturer: Central European University Press
            ProductGroup: Book
            Binding: Paperback

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            ASIN: 9639241490
            Ukraine Under Kuchma: Political Reform, Economic Transformation, and Security Policy in Independent Ukraine (Studies in Russian & Eastern European History)
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              Ukraine Under Kuchma: Political Reform, Economic Transformation, and Security Policy in Independent Ukraine (Studies in Russian & Eastern European History)
              Taras Kuzio
              Manufacturer: Palgrave Macmillan
              ProductGroup: Book
              Binding: Hardcover

              UkraineUkraine | Europe | History | Subjects | Books
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              ASIN: 0312176252

              Book Description

              Ukraine under Kuchma: Political Reform, Economic Transformation and Security Policy in Independent Ukraine is the first survey of recent developments in post-soviet Ukraine. The book covers in an in-depth manner the entire range of key developments since the 1994 parliamentary and presidential elections, the first elections held in post-soviet Ukraine. The new era ushered in by these elections led to Ukraine's launch of radical economic and political reforms which aim to domestically dismantle soviet power within Ukraine, stabilise relations with the separatist Crimean region and normalise relations with Russia and the West.
              Underwriting Democracy: Encouraging Free Enterprise and Democratic Reform Among the Soviets and in Eastern Europe
              Average customer rating: 3 out of 5 stars
              • Advocating positive change
              • George Soros Describes His Pro-Democracy Activities
              • Soros was convicted of insider trading in 2002
              • False Rhetoric
              Underwriting Democracy: Encouraging Free Enterprise and Democratic Reform Among the Soviets and in Eastern Europe
              George Soros
              Manufacturer: Amazon Remainders Account
              ProductGroup: Book
              Binding: Paperback
              Similar Items:
              1. George Soros on Globalization George Soros on Globalization
              2. Open Society: Reforming Global Capitalism Open Society: Reforming Global Capitalism
              3. Soros on Soros: Staying Ahead of the Curve Soros on Soros: Staying Ahead of the Curve
              4. The Age of Fallibility: Consequences of the War on Terror The Age of Fallibility: Consequences of the War on Terror
              5. The Bubble of American Supremacy The Bubble of American Supremacy

              ASIN: B000H2MCFW

              Book Description

              Now back in print: George Soros on funding and supporting the kind of grassroots democratic movements that helped bring down oppressive governments throughout the Communist bloc.

              George Soros has done more for open societies than any other private citizen in the world. In Underwriting Democracy he describes his experiences helping to bring about democratic change in Eastern Europe--experiences that are especially relevant now that our country has begun to intervene (though in an entirely different way than Soros) to create functioning democracies. Throughout the 1980s George Soros worked to identify and fund the growing political movements that caused the downfall of Eastern Europe's Communist governments. He established foundations, first in his native Hungary, and then in eight other countries, and used them to finance everything from the installation of previously forbidden copying machines in public libraries to the creation of experimental schools, clubs, and workshops for the support of dissidents. This unprecedented, and brilliant, financial and logistical support helped to bring down the communist regimes in peaceful revolutions across the continent. These are thrilling stories about facing down-and getting past-the Communist party powers in order to change these nations from the inside out.

              Customer Reviews:

              5 out of 5 stars Advocating positive change .......2004-10-12

              How can democracy be encouraged among the Soviets and in Eastern Europe? Underwriting Democracy: Encouraging Free Enterprise And Democratic Reform Among The Soviets And In Eastern Europe is a start, advocating positive change and using George Soros' own efforts in eastern Europe to describe how such changes may be fostered. Chapters examine America's foundation network, links between philosophy and practical democratic applications, and how Soros' early foray led to his acclaimed Open Society initiatives.

              3 out of 5 stars George Soros Describes His Pro-Democracy Activities.......2004-07-01

              Underwriting Democracy is a reprint of the book that first appeared in 1991 as the former Soviet Union was spiraling into oblivion under Gorbachev. In the book, international speculator George Soros (best known for his successful run on the Pound a number of years ago) describes his activities in setting up foundations to encourage democracy in formerly communist countries, his attempts to advise on how to create new democracies in these countries and his philosophy for how thought and action can change the "normal" course of human events (which is to run to harmful extremes).

              I have known a number of people who have funded foundations in formerly communist countries and the materials here ring true with what others have told me. There was usually an attempt to subvert the money for other purposes, a bureaucracy had to be avoided and there were many difficulties in putting funds to work in useful ways. Anyone thinking about encouraging governmental reform through nonprofit organizations can learn useful lessons from reading the first part of the book.

              Throughout the book, Mr. Soros makes informed guesses about what will follow in each of the former communist countries. I was fascinated to see how well he understood the social and economic forces at the time . . . and how frequently he called the future quite accurately. Fortunately, his worst pessimism about what could happen in the former Soviet Union did not come to pass.

              His attempts to help direct reform in the Soviet Union as an advisor come across as very optimistic, determined and naive. But sometimes Don Quixote can produce results where no one else can. He can at least feel good that he tried to help.

              The least satisfactory part of the book is his explanation of the theory of reflexivity, which he describes in detail in part three. I think I followed the argument. It could have been stated much more simply and better explained with more government-related examples. The financial market examples are very clear.

              At the end, I found myself wondering what nations could be doing today to encourage democracy in other areas where it has not done well. A number of helpful solutions are contained in a new book, Soft Power, which I encourage you to consider.

              1 out of 5 stars Soros was convicted of insider trading in 2002.......2004-05-22

              Soros was convicted for insider trading in December 2002. He was convicted with the late Robert Maxwell and a few others. Maxwell jump of his huge yacht off of Europe after his billion dollar scam collapsed. Thousands of UK pensioners lost their life savings thanks to Soros pal Maxwell.

              Ask quite a few people in Eastern Europe if they want Soros help in encoraging "Democratic Reform." They don't want the help of a convicted criminal.

              2 out of 5 stars False Rhetoric.......2004-03-18

              Soros argues here that he helped fund democracy in order to 'open up' the economies of the eastern bloc, including Russia. Nevertheless any study of Soros's multi-billion dollar Hedge fund style investments will show that he has not only funded democracy but he has invested heavily in these countries to earn a profit. Keeping democracy alive mostly is in self interest to the Soros pocket book, rather then any benevolent idea of helping the 'people' of Eastern Europe, who mostly remain poor and starving, subjected to terror and mafia style corruption that did not exist under totalitarian Communism. In the end the people of Eastern Europe traded the false-god of Communism for the equally false-god of investment banking and cowboy capitalism, with Soros at the forefront.

              A dangerous text full of self obsession and slight of hand regarding Soros's personal investments in these societies, smacking of conflict of interest.

              Seth J. Frantzman

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              2. Evaluating Practice: Guidelines for the Accountable Professional (5th Edition)
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              4. Financial Markets & Corporate Strategy
              5. Free to Choose: A Personal Statement
              6. From Puerto Rico To Philadelphia
              7. Generation to Generation: Life Cycles of the Family Business
              8. Global Perspectives: A Handbook for Understanding Global Issues (2nd Edition)
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