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This undergraduate/graduate course compares the economic systems of regions on the spectrum from free market to communism. Since the fall of the Soviet Union and the movement toward capitalism in the remaining communist countries, this field of study has changed dramatically. This book concentrates on these movements and their implications and for the first time expands its scope to include more coverage of developing countries in Latin America, Africa, and Asia. Thoroughly revised in response to the dramatic changes in the former-Soviet Union, this text has been reorganised along geographical lines rather than ideological ones and now covers more of the world's economic systems including Asia and Africa. Features: * Most up-to-date coverage of world economic systems now available. * Special emphasis on the issues facing the former-Soviet republics. * Unique coverage of Latin America and Africa. * Each chapter concludes with a list of current internet resources available on that topic. * Additional web support available at a site maintained by the author. New to this edition: * New geographical organization. * Complete revision of chapters on the formerly-planned economies. * New chapters on Asia and Africa.