"In the last three decades since the fall of the Berlin Wall, there is a vast amount of study looking at transforming the planned economy to a market economy from both theoretical and empirical aspects. This book provides an overview and insight into transition economies in the recent decades...

"This book intends to be a contribution to the 'varieties of capitalism' paradigm. The theoretical background is Weber's theory of legitimacy. Was communism ever 'legitimate'? What kind of legitimacy claims were made in the transition from communism to capitalism? Central Europe was closer to...

"The paper evaluates the effects of privatization in the post-communist economies and China. In post-communist economies privatization to foreign owners results in a rapid improvement in performance of firms, while performance effects of privatization to domestic owners are less impressive and...