Comparative Economics in a Transforming World EconomyThe second edition of an innovative undergraduate textbook in Comparative Economic Systems that goes beyond the traditional dichotomies. 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. |
Contents
OVERVIEW OF COMPARATIVE ECONOMICS | 1 |
The Theory and Practice of Market Capitalism | 23 |
The Theory and History of Marxism and Socialism | 53 |
Islamic Economics and the Economics of Other Religions | 85 |
VARIETIES OF ADVANCED MARKET CAPITALISM | 113 |
A Planned Market Economy with Traditional Elements | 145 |
Whither Indicative Planning? The Case of France | 179 |
Crisis and Reform of the Social Market Welfare State | 203 |
The Peril and Promise of Shock Therapy | 337 |
Gradualism and the First Successful | 363 |
The Collapse of Yugoslavia | 395 |
The Sleeping Giant Wakes | 417 |
ALTERNATIVE PATHS AMONG DEVELOPING | 450 |
The Struggle for a New Traditional Islamic Economy | 487 |
Revolution and Reform in the Mexican Economy | 515 |
The Lingering Shadow of the Cold War | 543 |
The Unification of Germany and the Unification of Europe | 231 |
VARIANTS OF TRANSITION AMONG FORMER SOCIALIST | 262 |
Alternative Paths of Transition in the Former Soviet Union | 301 |
Evolving Trends of the Transforming World Economy | 575 |
Glossary | 589 |
Other editions - View all
Comparative Economics in a Transforming World Economy John Barkley Rosser,Marina Vschernaya Rosser No preview available - 2003 |
Comparative Economics in a Transforming World Economy John Barkley Rosser,Marina V. Rosser No preview available - 2004 |