The Great Rebirth.
The Great Rebirth
Anders Aslund & Simeon Djankov, editors
Peterson Institute for International Economics
1750 Massachusetts Avenue, NW, Washington, DC 20036
9780881326970, $21.95, 320pp, www.amazon.com
Synopsis: The fall of communism 25 years ago transformed the political and economic landscape in more than two dozen countries across Europe and Asia. In this volume political leaders, scholars and policymakers assess the lessons learned from the "great rebirth" of capitalism, highlighting the policies that were most successful in helping countries make the transition to stable and prosperous market economies, as well as those cases of countries reverting to political and economic authoritarianism. The authors of the essays comprising "The Great Rebirth:
Lessons from the Victory of Capitalism over Communism" conclude that visionary leadership, and a willingness to take bold and comprehensive steps, achieved the best outcomes, and that privatization of state-owned enterprises and deregulation were essential to success. Recent backsliding, such as the reversal of economic and democratic reforms in Russia and Hungary, has cast a shadow over the legacy of the transition a quarter century ago, however. "The Great Rebirth: Lessons from the Victory of Capitalism over Communism" grew out of a two-day symposium of experts and practitioners reflecting on the past, present and future of reform, held in Budapest, Hungary, on May 6-7, 2014.
Critique: Collaboratively compiled and co-edited by Anders Aslund (a thirty year veteran specialist on post-communist economic transformation) and Simeon Djankov (Visiting Fellow, Peterson Institute for International Economics and Rector of the New Economic School, Moscow, Russia), "The Great Rebirth: Lessons from the Victory of Capitalism over Communism" is a compendium of fourteen seminal articles written by expert academicians and researchers. Enhanced with the inclusion of an eight page 'Timeline of Events in the Region'; a two page list of Abbreviations; a roster of contributors, and a comprehensive Index, "The Great Rebirth: Lessons from the Victory of Capitalism over Communism" is very highly recommended for academic library Economic Studies collections. For personal reading lists, it should be noted that "The
Great Rebirth: Lessons from the Victory of Capitalism over Communism" is also available in a Kindle edition ($7.99).