The Impact of Trade on Russian Agrarian Institutions: An Introduction

Michele L. Crumley

Chapter 1 in Sowing Market Reforms, 2013, pp 1-20 from Palgrave Macmillan

Abstract: Abstract Policy analysts, political economists, and practitioners in the West have long recognized and advocated the merits of liberal free trade. Promoting free trade and market economies have been key components of policies encouraged by intergovernmental financial institutions such as the World Bank and International Monetary Fund. After Asian NICs developed and expanded their economies relatively fast in the 1970s with the adoption of policies that supported liberal free trade, other states took note. For example, the lessons of development in the Asian NICs encouraged Latin American states to change economic strategies in the 1980s. Leading economists, such as Jeffrey Sachs, confidently advised governments in various regions of the world on the policies required to shift their economies to reflect free trade and export substitution strategy. The growth of states adopting similar policies was further enhanced as the Soviet economic model of a centrally planned economy became discredited in the 1980s. Central East European states began turning toward marketization of the economy, as did the Soviet Union by the late 1980s. The trend seemed to mark the emergence of a true global free trade economy by the end of the twentieth century.

Keywords: Free Trade; Institutional Change; Political Culture; Policy Preference; Shock Therapy (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-31320-1_1

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137313201

DOI: 10.1057/9781137313201_1

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().