The Caucasus and Central Asian Republics at the Turn of the Twenty-First Century: A Guide to the Economies in Transition

The Caucasus and Central Asian Republics at the Turn of the Twenty-First Century: A Guide to the Economies in Transition

The Caucasus and Central Asian Republics at the Turn of the Twenty-First Century: A Guide to the Economies in Transition

The Caucasus and Central Asian Republics at the Turn of the Twenty-First Century: A Guide to the Economies in Transition

Synopsis

This text covers economic and political events of global significance, including foreign trade, foreign direct investment, the impact of oil and natural gas finds, Islamic extremism and the 11 September 2001 terrorist attacks on the United States.

Excerpt

A Guide to the Socialist Economies was published in 1990. Covering fourteen communist countries (accounting, in mid-1988, for 1.6 billion out of a world population of 5.1 billion), the final amendments to the book had been made in early October 1989. The book was fortunate to receive some very generous comments:

Jeffries has produced a useful reference guide that will doubtless become a standard in the field and a valuable addition to academic libraries.

(Journal of Comparative Economics, 1991, no. 15)

The book is a very welcome addition to the library of publications on the socialist world… It is more than a textbook—it is also a reference book and a guide… Jeffries covers a vast area… It is a truly formidable task to catch up with all the changes that are taking place in these countries and the author does it with great success.

(International Affairs, 1990, vol. 66, no. 3)

In late 1989 communism collapsed in Eastern Europe, followed in late 1991 by the disintegration of the Soviet Union (the largest country in the world by area, covering a sixth of the world’s land area excluding Antarctica, and then a ‘superpower’ able to challenge the USA in terms of military capacity). Yugoslavia also disintegrated, and in a generally very bloody fashion. Academics like myself who had invested a lifetime in studying the communist countries saw their intellectual capital mostly vanish overnight. The effort of trying to comprehend profound changes, in many ways unique events and the multiplication of countries (as well as the disappearance of the GDR into a reunified Germany!) has been staggering.

My first stab at covering what became known as the transitional economies came in 1993 with the publication of Socialist Economies and the Transition to the Market: A Guide, which includes analyses of the basic features of command economies and the general issues involved in the transition to a market economy plus chapters on the original fourteen communist countries before 1989 and their individual experiences after 1989 (including the disintegration of the Soviet . . .

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