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Author : Brian Pinto
Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.:/5 (212 download)
Download or read book Give Growth and Macro Stability in Russia a Chance written by Brian Pinto and published by . This book was released on 2000 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Brian Pinto
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (318 download)
Download or read book Give Growth and Macroeconomic Stability in Russia a Chance written by Brian Pinto and published by . This book was released on 2000 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Russia, implicit subsidies amounting to 10 percent of GDP per year in the form of nonpayments have stifled growth, contributed to the August 1998 macroeconomic crisis through their impact on public debt, and made at best a questionable contribution to equity. Hardening budgets requires that these nonpayments - or mutual arrears and noncash settlements among the government, the energy monopolies, and manufacturing firms - be eliminated with energy bills, taxes and budgetary spending settled on time and in cash.
Author : Brian Pinto
Publisher :
ISBN 13 :
Total Pages : 27 pages
Book Rating : 4.:/5 (129 download)
Download or read book Give Growth and Macroeconomic Stability in Russia a Chance written by Brian Pinto and published by . This book was released on 2016 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Russia, implicit subsidies amounting to 10 percent of GDP per year in the form of nonpayments have stifled growth, contributed to the August 1998 macroeconomic crisis through their impact on public debt, and made at best a questionable contribution to equity. Hardening budgets requires that these nonpayments - or mutual arrears and noncash settlements among the government, the energy monopolies, and manufacturing firms - be eliminated with energy bills, taxes and budgetary spending settled on time and in cash.Pinto, Drebentsov, and Morozov analyze the links between Russia's disappointing growth performance in the second half of the 1990s, its costly and unsuccessful stabilization, the macroeconomic meltdown of 1998, and the spectacular rise of nonpayments. Nonpayments flourished in an environment of fundamental inconsistency between a macroeconomic policy geared at sharp disinflation and a microeconomic policy of bailing enterprises out through soft budget constraints.Heavy untargeted implicit subsidies flowing through the nonpayments system (amounting to 10 percent of GDP annually) have stifled growth, contributed to the August 1998 meltdown through their impact on public debt, and have made at best a questionable contribution to equity. Dismantling this system must be a top priority, along with promoting enterprise restructuring and growth (by hardening budget constraints) and medium-term macroeconomic stability (by reducing the size of subsidies).Getting the government out of the nonpayments system means settling all appropriately controlled budgetary expenditures on time and in cash, and eschewing spending arrears, thereby setting an example for enterprises and laying the groundwork for eliminating tax offsets at all levels of government, and insisting on cash tax payments.To stop energy-related subsidies would require not only that the government pay its own energy bills on time and in cash, but also that the energy monopolies be empowered to disconnect nonpaying clients. This will enable the government to insist that the energy monopolies in turn pay their own taxes in full and on time.This paper - a product of the Economics Unit, World Bank Office, Moscow - was produced as part of the Economic and Sector Work Program, Poverty Reduction and Economic Management Sector Unit, Europe and Central Asia Region.
Author : Brian Pinto
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Give Macroeconomic Stability and Growth in Russia a Chance written by Brian Pinto and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper identifies and investigates conceptual and empirical links among Russia's disappointing growth performance of the mid-1990s, its costly and eventually unsuccessful stabilization, the macroeconomic meltdown of 1998 and the spectacular rise of non-payments. Non-payments developed into a system that flourished in an atmosphere of fundamental inconsistency between a macroeconomic policy geared at sharp disinflation and a microeconomic policy of bailing-out enterprises through soft budget constraints. It embodies a large volume of untargeted, implicit subsidies in the order of 7-10 per cent of GDP, which has stifled growth, contributed to the 1998 meltdown through its impact on public debt and made at best a questionable contribution to equity. The overwhelming priority at this point is to dismantle this system, thereby promoting enterprise restructuring and growth, (by hardening budget constraints), and medium-term macroeconomic stability (by reducing the size of the subsidies).
Author : Brian Pinto
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Give Macroeconomic Stability and Growth in Russia a Chance. Harden Budgets by Eliminating Non-Payments written by Brian Pinto and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper identifies and investigates conceptual and empirical links among Russia?s disappointing growth performance of the mid-1990s, its costly and eventually unsuccessful stabilization, the macroeconomic meltdown of 1998 and the spectacular rise of non-payments. Non-payments developed into a system that flourished in an atmosphere of fundamental inconsistency between a macroeconomic policy geared at sharp disinflation and a microeconomic policy of bailing-out enterprises through soft budget constraints. It embodies a large volume of untargeted, implicit subsidies in the order of 7?10 per cent of GDP, which has stifled growth, contributed to the 1998 meltdown through its impact on public debt and made at best a questionable contribution to equity. The overwhelming priority at this point is to dismantle this system, thereby promoting enterprise restructuring and growth (by hardening budget constraints) and medium-term macroeconomic stability (by reducing the size of the subsidies).
Author : Lúcio Vinhas de Souza
Publisher : Springer Science & Business Media
ISBN 13 : 3540342648
Total Pages : 343 pages
Book Rating : 4.5/5 (43 download)
Download or read book Return to Growth in CIS Countries written by Lúcio Vinhas de Souza and published by Springer Science & Business Media. This book was released on 2006-08-29 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this book is to analyse specific sets of macro and structural policies in selected Eastern European countries. The book includes studies on the major Western CIS countries, Belarus, Russia and Ukraine, plus a set of cross-country and regional studies. The analysis in this book contributes importantly to the discussion about the economic prospects of the CIS countries.
Author : Yuko Adachi
Publisher : Routledge
ISBN 13 : 1135147116
Total Pages : 243 pages
Book Rating : 4.1/5 (351 download)
Download or read book Building Big Business in Russia written by Yuko Adachi and published by Routledge. This book was released on 2013-09-05 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the development of big business in Russia since the onset of market oriented reform in the early 1990s. It explains how privatized post-Soviet enterprises, many of which made little sense as business units, were transformed into functional firms able to operate in the environment of a market economy. It provides detailed case studies of three key companies – Yukos Oil Company, Siberian (Russian) Aluminium and Norilsk Nickel – all of which played a key role in Russia’s economic recovery after 1998, describing how these companies were created, run and have developed. It shows how Russian businesses during the 1990s routinely relied on practices not entirely compatible with formal rules, in particular in the area of corporate governance. The book fully explores the critical role played by informal corporate governance practices - such as share dilution, transfer pricing, asset stripping, limiting shareholders access to votes, and 'bankruptcy to order’ - as Russian big business developed during the 1990s. Unlike other studies on Russian corporate governance, this book highlights the ambiguous impact of informal corporate governance practices on the companies involved as commercial entities, and suggests that although their use proved costly to Russia’s business reputation, they helped core groups of owners/managers at the time to establish coherent business firms. Overall, the book shows that we cannot understand the nature of current economic changes in Russia without recognising the crucial role played by informal corporate governance practices in the creation and development of big business in post-Soviet Russia.
Author : Brian Pinto
Publisher : World Bank Publications
ISBN 13 : 9780821347744
Total Pages : 94 pages
Book Rating : 4.3/5 (477 download)
Download or read book Dismantling Russia's Nonpayments System written by Brian Pinto and published by World Bank Publications. This book was released on 2000-01-01 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: One question preoccupies many scholars and practitioners: How can economic growth in the Russian Federation be reinvigorated? This report contributes to the current debate.Nonpayments in Russia evolved into a complex, inter-linked system over the latter half of the 1990s, becoming one of the most critical issues facing policymakers. This paper analyzes this system, including its origins, its evolution, the factors that now perpetuate it, and its costs, and identifies a minimum set of economic reforms needed to dismantle it. The paper also proposes answers to key questions about nonpayments, including: • How has its course been influenced by government policy at the federal and subnational levels? • What are the links with macroeconomic policy? • What is the role of the energy sector, and how has the system affected the way businesses operate? • What are the implications for economic growth? • How indeed, as part of Russia's transition to a monetized, market economy, did the nonpayments system come to exert a stranglehold on virtually every aspect of the economy? This report will be of interest to policymakers and economists interested in transition economies.
Author : Harry G. Broadman
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4./5 ( download)
Download or read book Reducing Structural Dominance and Entry Barriers in Russian Industry written by Harry G. Broadman and published by World Bank Publications. This book was released on with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The absence of new business in Russia is striking. Reforms to make Russia more competitive should start with eliminating regulatory and institutional barriers to the entry of new competitors.
Author : Graeme Gill
Publisher : Routledge
ISBN 13 : 1136641025
Total Pages : 490 pages
Book Rating : 4.1/5 (366 download)
Download or read book Routledge Handbook of Russian Politics and Society written by Graeme Gill and published by Routledge. This book was released on 2013-03 with total page 490 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is an ever-burgeoning number of books analyzing the Russian experience, or aspects of it. This Handbook is the first single volume which gives both a broad survey of the literature as well as highlighting the cutting edge research in the area. Through both empirical data and theoretical investigation each chapter in the Routledge Handbook Russian of Politics and Society examines both the Russian experience and the existing literature, points to research trends, and identifies issues that remain to be resolved. Offering focused studies of the key elements of Russian social and political life, the book is organized into the following broad themes: General introduction Political institutions Political Economy Society Foreign Policy Politically, economically, and socially, Russia has one of the most interesting development trajectories of any major country. This Handbook seeks to answer questions about democratic transition, the relationship between the market and democracy, stability and authoritarian politics, the development of civil society, the role of crime and corruption, and the creation of a market economy. Providing a comprehensive resource for scholars and policy makers alike, this book is an important contribution to the study of Russian Studies, Eastern European studies, and International Relations.
Author : Brink Lindsey
Publisher : John Wiley & Sons
ISBN 13 : 0471442771
Total Pages : 351 pages
Book Rating : 4.4/5 (714 download)
Download or read book Against the Dead Hand written by Brink Lindsey and published by John Wiley & Sons. This book was released on 2002-01-04 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: A refreshing, insightful look into the political and economic dynamics driving globalization today Globalization: it's earlier than you think. That's the provocative message of Against the Dead Hand, which traces the rise and fall of the century-long dream of central planning and top-down control and its impact on globalization-revealing the extent to which the "dead hand" of the old collectivist dream still shapes the contours of today's world economy. Mixing historical narrative, thought-provoking arguments, and on-the-scene reporting and interviews, Brink Lindsey shows how the economy has grown up amidst the wreckage of the old regime-detailing how that wreckage constrains the present and obscures the future. He conveys a clearer picture of globalization's current state than the current conventional wisdom, providing a framework for anticipating the future direction of the world economy.
Author : Daniel Treisman
Publisher : Simon and Schuster
ISBN 13 : 1416560726
Total Pages : 546 pages
Book Rating : 4.4/5 (165 download)
Download or read book The Return written by Daniel Treisman and published by Simon and Schuster. This book was released on 2012-01-10 with total page 546 pages. Available in PDF, EPUB and Kindle. Book excerpt: Professor Daniel Treisman answers some of scholars' most pressing questions that haunt modern day Russia. Why did the Soviet Union disintegrate, and could its collapse have been avoided? Did Yeltsin destroy too much or too little of the Soviet political order? What explains Putin's unprecedented popularity with the Russian public? How did the "oligarchs" reshape the Russian economy? Treisman suggests that these questions can be answered by looking back through the dynamic political and social traditions of the region. Rigorous rather than rhetorical, this book uses historically documented evidence with modern day conditions to paint a complete picture of Russia today. In a time when global politics are more important than ever, it is critical for us to understand the inner workings.
Author : Brian Pinto
Publisher : OUP Oxford
ISBN 13 : 0191024090
Total Pages : 273 pages
Book Rating : 4.1/5 (91 download)
Download or read book How Does My Country Grow? written by Brian Pinto and published by OUP Oxford. This book was released on 2014-09-18 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by a former World Bank economist, How Does My Country Grow? distils growth policy lessons from the author's first-hand experience in Poland, Kenya, India, and Russia, and his contributions to the economic policy debates that followed the emerging market crises of 1997 to 2001, extending up to the global financial crisis of 2008-09. Based on living and working in the field, the author argues that country economic analysis is in effect a separate, integrative branch of economics that draws upon but is distinct from academic economics. The country stories recounted, reinforced by the emerging market experience since the 1980s, point to a canonical growth policy package built around three interconnected elements: the intertemporal budget constraint of the government; the micropolicy trio of hard budgets, competition and competitive real exchange rates; and managing volatility from external, but especially domestic, sources. This package is underpinned by good governance, which finds its most immediate expression in the management of the public finances. While the discussion is tilted towards developing countries, the insights have considerable relevance for advanced economies, many of which today are in the throes of their own growth-cum-sovereign debt crises.
Author : Gianni Zanini
Publisher : World Bank Publications
ISBN 13 : 9780821353820
Total Pages : 168 pages
Book Rating : 4.3/5 (538 download)
Download or read book Assisting Russia's Transition written by Gianni Zanini and published by World Bank Publications. This book was released on 2002-01-01 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: This evaluation assesses the development effectiveness of the World Bank's lending and non-lending assistance to the Russian Federation since 1991, a 10-year period of tumultuous political, economic, and social change. This report concludes that an assistance strategy, concentrating on analytical and advisory services with limited financial support for Russia, would have been more appropriate than one involving large volumes of adjustment lending.
Author : Commission on Growth and Development
Publisher : World Bank Publications
ISBN 13 : 0821374923
Total Pages : 198 pages
Book Rating : 4.8/5 (213 download)
Download or read book The Growth Report written by Commission on Growth and Development and published by World Bank Publications. This book was released on 2008-07-23 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: The result of two years work by 19 experienced policymakers and two Nobel prize-winning economists, 'The Growth Report' is the most complete analysis to date of the ingredients which, if used in the right country-specific recipe, can deliver growth and help lift populations out of poverty.
Author : Richard Connolly
Publisher : Oxford University Press, USA
ISBN 13 : 0198848900
Total Pages : 153 pages
Book Rating : 4.1/5 (988 download)
Download or read book The Russian Economy: a Very Short Introduction written by Richard Connolly and published by Oxford University Press, USA. This book was released on 2020-07-23 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: Russia today is as prominent in international affairs as it was at the height of the Cold War. Yet the role that the economy plays in supporting Russia's position as a 'great power' on the international stage is poorly understood. For many, Russia's political influence far exceeds its weight in the global economy. However, Russia is one of the largest economies in the world; it is not only one of the world's most important exporters of oil and gas, but also of other natural resources, such as diamonds and gold. Its status as one of the largest wheat and grain exporters shapes commodity prices across the globe, while Russia's enormous arms industry, second only to the United States, provides it with the means to pursue an increasingly assertive foreign policy. All this means that Russia's economy is crucial in serving the country's political objectives, both within Russia and across the world. Russia today has a distinctly political type of economy that is neither the planned economy of the Soviet era, nor a market-based economy of the Euro-Atlantic variety. Instead, its economic system is characterised by a unique blend of state and market; control and freedom; and natural resources alongside human ingenuity. The Russian Economy: A Very Short Introduction introduces readers to the dimensions of the Russian economy that are often ignored by the media and public figures, or exaggerated and misunderstood. In doing so, it shows how Russia's economy is one of global significance, and helps explain why many of Russia's enduring features, such as the heavy hand of the state and the emphasis on military-industrial production, have persisted despite the immense changes that took place after the disintegration of the Soviet Union in 1991. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.
Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264011234
Total Pages : 206 pages
Book Rating : 4.2/5 (64 download)
Download or read book OECD Reviews of Regulatory Reform: Russia 2005 Building Rules for the Market written by OECD and published by OECD Publishing. This book was released on 2005-11-17 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: This review of regulatory reform in Russia covers the overall economic context, the government’s capacity to manage regulatory reform, competition policy and enforcement, and market openness. It also examines the electricity and railroad sectors.
