ABSTRACT
This introduction presents an overview of key concepts discussed in the subsequent chapters of this book. The book presents the economists' thoughts about the use of capital controls in the reforming economies of the formerly communist countries. It also presents the collection of analytical approaches that offers important insights about the formation of basic institutions and the essentials of public policy analysis in dynamic political and economic settings. The book focuses on the important lessons about the study of public policy in situations where not only economic, but also political and social institutions are in a state of flux, in the dynamic and complex environments of emerging markets. It describes the relationship between financial variables and real economic, social, and political outcomes. The book provides the analytical models and analysis that account for the public and private, the real and financial sectors, nationalism and productivity against a background of democratic political systems.
