Micro-institutional foundations of capitalism : sectoral pathways to globalization in China, India, and Russia

"Since the end of the Cold War in 1991, three decades of market reform and greater exposure to the international economy have introduced liberal economic tools in the largest emerging economies in the developing world. China, the world's largest autocracy, Communist by name and one-party authoritarian regime in practice, has liberalized its economy on the macro level and draws in more foreign direct investment (FDI) than any country in the world except the United States. India, the world's most populous multi-party democracy, following decades of economic socialist institutions in the post-Independence period, has also liberalized its macro-economy. Russia, after the breakdown of the Soviet Union, underwent massive economic liberalization, dismantling Communist institutions and launching democratic reforms."