Suchergebnisse

'Institutions and Economic Development: Growth and Governance in Less-Developed and Post-Socialist Countries' edited by Christopher Clague is reviewed.

Socialist planning played an enormous role in the economic and political history of the twentieth century. Beginning in the USSR it spread round the world. It influenced economic institutions and economic policy in countries as varied as Bulgaria, USA, China, Japan, India, Poland and France. How did it work? What were its weaknesses and strengths? What is its legacy for the twenty-first century? Now in its third edition, this textbook is fully updated to cover the findings of the period since the collapse of the USSR. It provides an overview of socialist planning, explains the underlying theory and its limitations, looks at its implementation in various sectors of the economy, and places developments in their historical context. A new chapter analyses how planning worked in the defence-industrial complex. This book is an ideal text for undergraduate and graduate students taking courses in comparative economic systems and twentieth-century economic history

The paper emphasizes the transition in Russia and the role institutions played before and during the process. In Russia, a big bang approach was applied. That is to say, transition was conducted all of a sudden, omitting important underlying reforms. This practice should function as a shock therapy. Hence, the approach should leave no other chance than an abrupt adaption to the new free-market rules. These rules would then lead to fast economic growth and development, as they did in other places. However, since Russian GDP per capita and thereby living standards deteriorated dramatically in the years after the collapse of the Soviet Union, the plan did not work. At any rate, since then Russian economic indicators recovered and partly achieved their pre-1991 levels at the end of the last decade. The paper depicts Russia's reform efforts and the subsequent developments. The close ties among the political elite, the banking sector and the old nomenklatura are demonstrated. The patrimonial system that persisted for centuries is still observable at the state level. At any rate, Russia can neither evade its historical and institutional development path nor its societal structures that are based on networks and nepotism. Russia's systemic lack of the rule of law and therewith of secure property, the character of the Russian political system with the patriarch as the head of state and the resulting necessity of corruption and bribes inhibit the realization of its full growth potential.

"This paper provides a brief overview of elite change and continuity in East Germany as a post-socialist society. To do so, at first, some peculiarities of the former cadre system and elites in socialist East Germany, i.e. the late German Democratic Republic, are addressed with regard to social structure development and the arrangement of generations. Selected empirical evidence is based on cross-sectoral, longitudinal and cohort analyses and the inspection of prosopographic elite data compiled until the end of the 1980s which deconstruct the myth of a levelled egalitarian socialist society. In the second part of the paper, elite change and continuity after the political change of 1989/90 is discussed in the context of the transformation of institutions. Inspired by Bourdieu's analytic paradigm, one central thesis on the career survivals, take-offs, and breakdowns of East German elites is the continued validity and efficacy of social and cultural capital obtained before the fall of the wall, most of all formal qualification. Dimension of vertical social inequality under socialist rule, such as gender and class background, remain to be decisive until today." (author's abstract)