Laszlo Andor and Martin Summers
Market Failure
A Guide to the Eastern European "Economic Miracle"
Pluto Press, 1998
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If you plan to do business in Eastern Europe, you need to know how economic reform has gone wrong. Experts say economic reform will eventually benefit the populace, now hungry and unemployed, but they do not say when.
Recommendation
Contributor Laszlo Andor and editor Martin Summers review the implementation of economic reforms in Eastern Europe. They present a strong critical analysis of the effect of economic reforms on the people in the post Soviet bloc countries. In great detail, they cover the fight to implement Western financial investment policies in order to break communist political legacies. The authors express their dissatisfaction with the results of reforms in the last decade. This is an important book for individuals who want another perspective on the rush to implement western financial policies globally. However, the book assumes some strong background knowledge of the region’s political history and the financial concept of globalization. getAbstract recommends this book to anyone who does business in Eastern Europe or who is intrigued by the politics of economic reform.
Summary
About the Authors
Laszlo Andor is a lecturer at the Budapest University of Economic Sciences. Martin Summers is a former East European Desk Officer for the Catholic Fund, and an Overseas Development and East European Project Worker at the New Economics Foundation.
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