Market, state and ownership in Eurasian space (On the book “The transition to a market economy and structural reforms in the member-states of Eurasian Economic Union” edited by I. V. Pilipenko)

The book under review aims to form a broad picture of economic reforms in the course of transition from a planned economy to a market one in the memberstates of Eurasian Economic Union (EAEU). The authors set as their objective to show changes of economic institutions in the process of market reforms. In this book, the main attention is paid to institutions of ownership and institutions, which determine the role of the state in the economy. This analysis not only shows the process of reforms in different countries, but demonstrates the evolution of the conditions for economic integration of EAEU member-states. In the book, the presence of barriers for integration is analyzed as well as the conditions for their dismantling. It contains a lot of facts and empirical information, which are structured by unified principles that makes the process of comparing economic reforms in different countries much easier. At the same time, the empirical part in the book evidently prevails over the analytical one. Presentation of facts is rarely followed by definitive theoretical conclusions.

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