First Published in 1990. Socialist countries now account for about a quarter of the world economy, about a third of the world population and about half the world military power. What happens in those countries is therefore par excellence of importance to all of us. This book is an outcome of a Conference on Economic Systems and Reforms in a Changing World, held in Seoul in September 1987. The Conference was significant in several respects. Foremost was the fact that this was probably the first such meeting of scholars from both socialist and non-socialist countries held to discuss socialist economic reforms worldwide.