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Understanding Economic Transitions explains the genesis, operation, and transformation of the centrally-planned socialist economy, which figured prominently in the lives of billions of people in twentieth-century Europe and Asia.
Berhanu Abegaz is Professor of Economics at William & Mary. He specializes in comparative economics, institutional economics, and development economics. He is the author of four books and two edited volumes on the subjects of economic planning, late industrialization, regional economic integration, and state formation.
PART ONE: THEORIES OF COMPARATIVE ECONOMICS.- 1. Economic Systems.- 2. Economic Planning in Various Settings.- PART TWO: TWO CANONICAL STATE SOCIALISMS.- 3. The Soviet CPE I: The Process of Planning.- 4. The Soviet CPE II: The Process of Implementation.- 5. The Chinese CPE: Planning in an Industrializing Economy.- PART THREE: SYSTEMIC TRANSITION IN THEORY AND PRACTICE.- 6. The Market-oriented Transition: Theory.- 7. The Isolationist Russian Road to Capitalism.- 8. The Nationalist Chinese Road to Capitalism.- 9. Two Integrationist Variants: Poland and Vietnam.- PART FOUR: TRANSITION UNDER THE NEW GLOBALIZATION.- 10. Market Integration in the Age of Global Value Chains.- 11. The Developmental State and Political Capitalism.- 12. Comparative Economics Redux.