Publisher's Synopsis
In the wake of the collapse of socialist governments around the world, and calls for democracy and the pressures of market forces, this collection of essays offers a view of economic change in Eastern Europe, Russia, Mongolia and China. Focusing primarily on the benefits of an evolutionary approach, the contributors present a theoretical paradigm which provides alternatives to the conventional thinking on transition and on institutional change in general, and consider whether this has a greater chance of succeeding than does "shock therapy".
