Book excerpt: A compendium of the work of Vladimir L. Kvint, Global Emerging Market in Transition: Articles, Forecasts, and Studies is an essential guide to understanding the intricacies behind global trends and emerging markets. Starting with the explanations and definitions of global trends, classifications of different perspectives of emerging markets, and the general understanding of the nature of modern global emerging markets, Professor Kvint moves the reader through the current emerging markets in Europe, Central Asia, and Latin America, providing analyses and forecasts. He then presents an in-depth analysis of today's largest emerging market-Russia. Professor Kvint stresses the importance of Russia's move from a communist command system to a free-market economy, and how this will affect the business community politically, socially, and economically.