Abstract

The demise of the Soviet Union, in the view of the World Bank, IMF and WTO, was due to the inherent defect of the socialist system. The collapse was due to the internal contradictions between the absence of the market and the desired aim of the planning system to create a perfectly competitive market. In this chapter we critically evaluate the effects of market revolution on the economy of Russia considering the political development and international conflicts. According to Jeffrey Sachs, the task was to change an entire social and related political order, so power and conflict would be absolutely central to the process (Basu, 1996). This chapter analyses how revolution of international business process created social and international political conflict in Eurasia.

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