From Triumph to Crisis: Neoliberal Economic Reform In Postcommunist Countries
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- Synopsis
-
The postcommunist countries were amongst the most fervent and committed adopters of neoliberal economic reforms. Not only did they manage to overcome the anticipated domestic opposition to 'shock therapy' and Washington Consensus reforms, but many fulfilled the membership requirements of the European Union and even adopted avant-garde neoliberal reforms like the flat tax and pension privatization. Neoliberalism in the postcommunist countries went farther and lasted longer than expected, but why?
Unlike pre-existing theories based on domestic political-economic struggles, this book focuses on the imperatives of re-insertion into the international economy. Appel and Orenstein show how countries engaged in 'competitive signaling', enacting reforms in order to attract foreign investment. This signaling process explains the endurance and intensification of neoliberal reform in these countries for almost two decades, from 1989–2008, and its decline thereafter, when inflows of capital into the region suddenly dried up. This book will interest students of political economy and Eastern European and Eurasian politics.
Explains the surprising endurance of neoliberal policymaking over two decades in post-Communist countries, from 1989–2008.
Presents a new theory of postcommunist transition that differs radically from previous theories and better explains the outcomes.
Explains why economic statism and populism began to displace neoliberalism after the 2008 global financial crisis in leading reform states such as Poland and Hungary.
- Copyright:
- 2018
Book Details
- Book Quality:
- Publisher Quality
- ISBN-13:
- 9781108395083
- Related ISBNs:
- 9781108422291, 9781108422291
- Publisher:
- Cambridge University Press
- Date of Addition:
- 06/15/18
- Copyrighted By:
- Hilary Appel and Mitchell A. Orenstein
- Adult content:
- No
- Language:
- English
- Has Image Descriptions:
- No
- Categories:
- Nonfiction, Politics and Government
- Submitted By:
- Bookshare Staff
- Usage Restrictions:
- This is a copyrighted book.