The quest for freedom from hunger and repression has triggered in recent years a dramatic, worldwide reform of political and economic systems. Never have so many people enjoyed, or at least experimented with democratic institutions. However, many strategies for economic development in Eastern Europe and Latin America have failed with the result that entire economic systems on both continents are being transformed. This major book analyzes recent transitions to democracy and market-oriented economic reforms in Eastern Europe and Latin America. Drawing in a quite distinctive way on models derived from political philosophy, economics, and game theory, Professor Przeworski also considers specific data on individual countries. Among the questions raised by the book are: What should we expect from these experiments in democracy and market economy? What new economic systems will emerge? Will these transitions result in new democracies or old dictatorships?
• Highly topical book given recent developments in Eastern Europe • Author is well-known, his previous book (published by us) was well accepted - Capitalism and Social Democracy
Introduction; A prologue: the fall of communism; 1. Democracy; 2. Transitions to democracy; 3. Capitalism and socialism; 4. The political dynamics of economic reform; References; Author index; Subject index.