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Latin America and Asia

the Czech Republic and Latvia with their credible states and pro-property traditions. Not so good for the enormous, diverse states just established further to the southeast. Among the historical continuities that exert drag on these economies are cross-border minority complaints, political fragmentation, and a collectivist mindset that expects social services these countries can no longer afford. Austrian political scientist Anton Pelinka believes that most of these countries lack the interest-group centralization and political balance to employ a neo-corporatist approach to price stability and growth. Michael Palairet's story of the failure of the Yugo indicates the difficulties of independent exporting to developed markets. Eddie estimates that half of Hungarian capital stock may be worthless. If so, the figure could easily be higher elsewhere, for Hungary was a relatively marketized, open economy in 1989 as compared to Poland or Czechoslovakia, not to mention the overindustrialized Balkans. In recognition of all this, Good and most of his contributors are perhaps prudent in prognosticating that overcoming this region's backwardness will take a long time. This well-edited compilation also includes richly documented surveys of Austrian foreign trade and finance by Roumyana Preshlenova, Jiirgen Nautz, and Jan Stankovsky and of Polish and Czechoslovak agriculture by Janusz Kalinski and by Daniel E. Miller. Miller's essay shows how collectivization destroyed strong Czech agrarian political structures that once voiced peasants' demands for price supports and land reform. Reconstitution of viable size farms is also a problem in Poland. In any case, the protectionism of the EU's Common Agricultural Policy would seem to prevent large-scale revival of Polish, Hungarian, or Slovak food exports to the industrial cities to their west.