Twelve of the 29 transition economies in Europe and Central Asia are high remittance recipients, with average remittance receipts equivalent to 5 percent or more of their gross domestic product in the 2010s. The paper examines the evolution, during the 2000s and 2010s, of real unit labor costs,...

An original and insightful book, this work focuses on domestic and overseas firms operating in those Central Asian and Eastern European countries considered to be the transitional economic periphery. Chapters shed light on their distinct forms of capitalism, and how it influences and adapts the...

Cover -- How Capitalism Was Built -- Title -- Copyright -- Contents -- Tables and Figures -- Acknowledgments -- Abbreviations -- Introduction: A World Transformed -- OVERVIEW OF THE ARGUMENTS OF THIS BOOK -- Was It Possible to Build Well-Functioning Market Economies in a Few Years? -- Was It Not...