Building States and Markets after Communism

Explore the intricate dynamics of state-building and market development in Timothy Frye's insightful work, Building States and Markets after Communism. Published by Cambridge University Press in 2010, this compelling book spans 314 pages and delves into the experiences of 25 post-communist countries from 1990 to 2004. Frye presents a thought-provoking argument that highlights how democracy can drive economic reform, establish capable state institutions, and facilitate generous transfer payments, particularly in contexts of low political polarization. However, he also warns that rising polarization can undermine these benefits, leading to less stable policies. This book is essential for anyone interested in the political and economic transformations of former communist nations and the complex interplay between democracy and economic progress.