num_pages: 656
description: The second edition of an innovative undergraduate textbook in Comparative Economic Systems that goes beyond the traditional dichotomies. This second edition of an innovative undergraduate text offers an approach to understanding different economic systems that reflects both recent transformations in the world economy and recent changes in the field of Comparative Economic Systems. The traditional way of teaching comparative economics with its reliance on relatively simple dichotomies (private vs. state planning vs. market) does not take into consideration the many variants and mixtures of economic systems that exist in the real world. The Rossers' introduction in the first edition of the concept of the new traditional economythe effort by a developing country to embed a modern economic system into a traditional culture usually religiouspresented a new way to look at developing economies. Their innovative examination of Iran and its effort to develop a revolutionary Islamic economy as an alternative to market capitalism illustrates the use of this new tool in comparative economics. After a four-chapter theoretical and historical overview the book focuses on fifteen country studies organized by economic system. The chapters on advanced market capitalism examine the economies of the United States (a chapter new to this edition) Japan France Sweden and Germany. The chapters examining transition in former socialist economies discuss Russia the former Soviet Republics Poland Hungary Yugoslavia (including expanded treatment of the most successful transition economy that of Slovenia) and China. The chapters in the final section of the book discuss alternative paths taken by the developing economies of Iran India (its complex mix of socialism capitalism and tradition is examined in a chapter new to this edition) Mexico and South and North Korea. The book concludes with a look at future trends that will continue to transform the world economy.
language: English
title: Comparative Economics in a Transforming World Economy
publisher: The MIT Press