A review of From Reform to Revolution: The Demise of Communism in China and the Soviet Union, by Minxin Pei and Sowing the Seeds of Democracy in China: Political Reform in the Deng Xiaoping Era, by Merlec Goldman.
About the Author
Jan S. Prybyla is professor of economics at Pennsylvania State University. He is the author of Reform in China and Other Socialist Economies (1990).
Despite the persistent doomsaying about the political consequences of untrammeled international capital flows, financial liberalization may actually contribute to democratic consolidation.
