Transformation to a Market Economy and Changing Social Values in China, Russia, and Eastern Germany
As a social change, the sudden collapse of communism1 should well be remembered as one of the most formative events of the 20th century. As a political transformation, it caused an initial rush of euphoria within the 'victorious' West and a wave of hope followed by disillusionment for hundreds of millions in the newly ‘democratic’ sphere. As an economic transformation, its effects were even more t