Hardbound. This book deals with one of the great dramas of our day,
the transformation of countries from economic backwardness, or a
socialist somnolence, into greater efficiency and participation in
the invigorating currents of international trade and investment.
This book is about building market institutions and about the
struggle to shed institutional baggage of the past. It is about new
'openings'. It is about liberalization of economic policies, about
relaxing controls, and welcoming the influx of foreign capital and
goods. Above all, the underlying theme of this book is the search
for appropriate government policies, on issues vital to emerging
nations (defined here as developing nations and former communist
bloc countries), such as exchange rate management, acquisition of
technology, privatization, capital flows, trade and direct
investment.
General
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