Cover -- How Capitalism Was Built -- Title -- Copyright -- Contents -- Tables and Figures -- Acknowledgments -- Abbreviations -- Introduction: A World Transformed -- OVERVIEW OF THE ARGUMENTS OF THIS BOOK -- Was It Possible to Build Well-Functioning Market Economies in a Few Years? -- Was It Not...

Thirty years after the collapse of the Soviet Union, it is rather clear what transition policies have worked. Almost all the post-communist countries have become market economies and have achieved macroeconomic stability. Privatization was economically necessary, and its economic outcomes have...

This work in progress considers the bargaining options of a natural gas transit country. The paper describes the situation with potential hold-up due to asset specific investments and the timing of the hold-up by the transit country

Libman and Vinokurov discuss the evolution of post-Soviet regional integration as a prominent case of 'holding-together regionalism' -- integration of countries originally belonging to a single political entity. They provide a detailed account of the economic, political and social aspects of the...