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Product Description
As Moscow bureau chief for Business Week magazine, Rose Brady was on the scene during the fall of the Soviet Union and the key early years of Russia's transformation from a socialist state to a market economy. Brady interviewed scores of major political and economic figures, entrepreneurs, and ordinary citizens, all of whom confronted enormous changes during the first five years of economic reform. In this compelling book about Russia's effort to transform its economy, Brady provides one of the first accounts written by an observer without a personal stake in the outcome. The author takes readers into the factories, stores, banks, impromptu markets, and homes of Russia, as well as into the corridors of power, to explain how the country's own brand of capitalism evolved - and how the seeds were sown for the economic crisis that later enveloped it.
Amazon.com Review
Although there's some truth to the popular conception of the former Soviet Union's embrace of free-market capitalism as chaotic and corrupt, it must also be admitted that the reformists have done quite a remarkable thing, with nearly three-quarters of Russia's economic production now based in private enterprise. Rose Brady, who used to report from Moscow for Business Week, goes over the transformation step by step, focusing on the financial planners who made it happen and the corporate magnates who--in some cases through government-approved insider trading--benefited from the process.
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