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9780262182348

Comparative Economics in a Transforming World Economy

by
  • ISBN13:

    9780262182348

  • ISBN10:

    0262182343

  • Edition: 2nd
  • Format: Hardcover
  • Copyright: 2004-02-01
  • Publisher: Mit Pr

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Summary

This second edition of an innovative undergraduate text offers an approach to understanding different economic systems that reflects both recent transformations in the world economy and recent changes in the field of Comparative Economic Systems. The traditional way of teaching comparative economics, with its reliance on relatively simple dichotomies (private vs. state, planning vs. market) does not take into consideration the many variants and mixtures of economic systems that exist in the real world. The Rossers' introduction in the first edition of the concept of the "new traditional economy"-the effort by a developing country to embed a modern economic system into a traditional culture, usually religious-presented a new way to look at developing economies. Their innovative examination of Iran and its effort to develop a "revolutionary Islamic economy" as an alternative to market capitalism illustrates the use of this new tool in comparative economics. After a four-chapter theoretical and historical overview, the book focuses on fifteen country studies, organized by economic system. The chapters on advanced market capitalism examine the economies of the United States (a chapter new to this edition) Japan, France, Sweden, and Germany. The chapters examining transition in former socialist economies discuss Russia, the former Soviet Republics, Poland, Hungary, Yugoslavia (including expanded treatment of the most successful transition economy, that of Slovenia), and China. The chapters in the final section of the book discuss "alternative paths" taken by the developing economies of Iran, India (its complex mix of socialism, capitalism, and tradition is examined in a chapter new to this edition), Mexico, and South and North Korea. The book concludes with a look at future trends that will continue to transform the world economy.

Author Biography

J. Barkley Rosser, Jr., and Marina V. Rosser are Professors of Economics at James Madison University

Table of Contents

Prefacep. vii
Overview of Comparative Economicsp. 1
How Do We Compare Economies?p. 3
The Theory and Practice of Market Capitalismp. 23
The Theory and History of Marxism and Socialismp. 53
Islamic Economics and the Economics of Other Religionsp. 85
Varieties of Advanced Market Capitalismp. 113
The United States of America: The Market Capitalist Leaderp. 115
Japan: A Planned Market Economy with Traditional Elementsp. 145
Whither Indicative Planning? The Case of Francep. 179
Sweden: Crisis and Reform of the Social Market Welfare Statep. 203
The Unification of Germany and the Unification of Europep. 231
Variants of Transition Among Former Socialist Economiesp. 262
The Former Soviet Union: The Myth and Reality of the Command Economy and Russia's Economic Transitionp. 265
Alternative Paths of Transition in the Former Soviet Unionp. 301
Poland: The Peril and Promise of Shock Therapyp. 337
Hungary: Gradualism and the First Successful Completed Transition?p. 363
Worker-Managed Market Socialism: The Collapse of Yugoslavia and the Success of Sloveniap. 389
China's Socialist Market Economy: The Sleeping Giant Wakesp. 417
Alternative Paths Among Developing Economiesp. 450
India: The Elephant Walksp. 453
Iran: The Struggle for a New Traditional Islamic Economyp. 487
Revolution and Reform in the Mexican Economyp. 515
North and South Korea: The Lingering Shadow of the Cold Warp. 543
Evolving Trends of the Transforming World Economyp. 575
Glossaryp. 589
Indexp. 617
Table of Contents provided by Ingram. All Rights Reserved.

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