Transitions from Communism to Markets
Lecture no. 8 from the course: America and the New Global Economy
Taught by Professor Timothy Taylor | 31 min | Categories: The Great Courses Plus Online Economics & Finance Courses
In 1991, with the collapse of Communism in Eastern Europe, the Soviet Union began moving from central economic planning toward a more market-oriented economy. Track the forces that made this transition so difficult and the possible trajectory for Russia's transition economy.