The United States and other key countries in the West have been governed for the past decade by conservative, pro-private enterprise parties. The democratic socialist parties of Western Europe have rediscovered the virtues of markets and entrepreneurship. In the Third World, state-controlled economies have stagnated, and structural adjustment and privatization have become the order of the day. Finally, and most dramatically, communism has collapsed both in Eastern Europe and the former Soviet Union. Moreover, there seems to be widespread agreement -- especially in the postcommunist countries -- that democracy cannot succeed without the introduction of a market economy.