"Globalization has involved a major restructuring of national economies, leaving no part of the world untouched. It has brought with it dramatic change - from 'Thatcherism', to the de-regulation of Australian financial markets, to the liberalization of Indian investment laws. It also brought about the collapse of the Soviet Union. This book examines the effects of globalization on the Soviet economic and political system, as well as on other state-controlled economies.

It concludes the globalization continues to eat away at state systems - from the remaining 'socialist' states to the NICs of East Asia."--BOOK JACKET.