How Russia Became a Market Economy

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Publisher : Transaction Publishers
ISBN 13 : 9780815704256
Total Pages : 402 pages
Book Rating : 4.7/5 (42 download)

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Book Synopsis How Russia Became a Market Economy by : Anders Åslund

Download or read book How Russia Became a Market Economy written by Anders Åslund and published by Transaction Publishers. This book was released on 1995 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides the most detailed and insightful assessment to date of the Russian transformation from a socialist economy to a market economy. As a longtime specialist on the Soviet economy and an economic adviser to the Russian government during most of this period, Aslund analyzes the original intentions of the government, what they were to accomplish, and why they fell short. According to Aslund, the Russian transformation has not been too quick, as many maintain, but rather too slow.

How Russia Became a Market Economy

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Author :
Publisher : Brookings Institution Press
ISBN 13 : 0815716192
Total Pages : 399 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis How Russia Became a Market Economy by : Anders Aslund

Download or read book How Russia Became a Market Economy written by Anders Aslund and published by Brookings Institution Press. This book was released on 2011-10-01 with total page 399 pages. Available in PDF, EPUB and Kindle. Book excerpt: The breakup of the Soviet Union and the attempted transformation of Russia into a democracy and a market economy constitute one of the most significant events of our time. A transformation could hardly be greater, yet judgments vary from failure to substantial achievement. This book clarifies that Russia has actually become a market economy. Anders Aslund provides the most detailed and insightful assessment to date of the Russian transformation from a socialist economy to a market economy. His account covers the period from the formation of the Russian reform government in November 1991 through the autumn of 1994. He discusses the preconditions of economic reform, the formation of a reform program, relations with other former Soviet republics, liberalization, macroeconomic stabilization, and privatization. The final chapter evaluates the transformation. As a longtime specialist on the Soviet economy and an economic adviser to the Russian government during most of this period, Aslund analyzes the original intentions of the government, what they were able to accomplish, and why they fell short. The book's general conclusion is that the greater the speed, consistency, and determination, the more impressive the results. The main threat to the reform process was the resistance from the state enterprise managers, who wanted to enrich themselves at the expense of the state. The reformers could only win if they acted swiftly and firmly. According to Aslund, the Russian transformation has not been too quick, as many maintain, but rather too slow.

How Ukraine Became a Market Economy and Democracy

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Publisher : Peterson Institute
ISBN 13 : 0881325465
Total Pages : 371 pages
Book Rating : 4.8/5 (813 download)

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Book Synopsis How Ukraine Became a Market Economy and Democracy by : Anders Åslund

Download or read book How Ukraine Became a Market Economy and Democracy written by Anders Åslund and published by Peterson Institute. This book was released on 2009 with total page 371 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Incentives and Institutions

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Publisher : Princeton University Press
ISBN 13 : 0691225362
Total Pages : 295 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis Incentives and Institutions by : Serguey Braguinsky

Download or read book Incentives and Institutions written by Serguey Braguinsky and published by Princeton University Press. This book was released on 2021-02-09 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: Here, for the first time, two of Russia's leading economists provide an authoritative analysis of the transition to a democratic market economy that has taken place in Russia since 1990. Serguey Braguinsky, a Russian economist with extensive international experience, and Grigory Yavlinsky, leader of the liberal "Yabloko" party and a major public figure in Russia, focus on the institutions that are critical to a successful transition and the economic incentives needed to make these institutions work. Finally, they discuss in detail the specific components of the economic processes that are necessary for economic transition in general and they draw lessons that can be applied to other nations dealing with similar transitions. In 1989, Grigory Yavlinsky became a member of the Commission for Economic Reform and wrote the groundbreaking "500 Day Plan," which outlined the first program of transition to a market economy. Two years later, he co-wrote the program of strategic cooperation between the Soviet government and the West (known as the "Grand Bargain"). Here he and Serguey Braguinsky examine what went wrong with the Russian plan--and what is needed to put the economy back on the road to becoming a fully functioning market economy. The first section of the book presents a new interpretation of the political economy of the socialist state and the incentives and institutions that underpin it, with an emphasis on the present Russian situation. The second part deals with the political economy of "spontaneous transition" and the inefficiencies inherent in economies that lack the organizations and institutions that inhere in established Western democratic economies. In the final section, the authors present a program of actions to put the economic transition in Russia back on track, based on their assessment of the actual current state of both the economy and the government. Their approach is unique in emphasizing organizational evolution at the microeconomic level instead of stressing macroeconomic issues such as money and inflation that are at the heart of most arguments. This is a thoughtful and thought-provoking book and one that will be widely discussed and debated.

Creating the Post-Soviet Russian Market Economy

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Author :
Publisher : Taylor & Francis
ISBN 13 : 1000918297
Total Pages : 194 pages
Book Rating : 4.0/5 (9 download)

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Book Synopsis Creating the Post-Soviet Russian Market Economy by : Daniel Satinsky

Download or read book Creating the Post-Soviet Russian Market Economy written by Daniel Satinsky and published by Taylor & Francis. This book was released on 2023-07-26 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book captures the essence of the period when Russians and Americans collaborated in creating new structures of government and new businesses in completely uncharted conditions. It presents the experiences of key American participants in late Soviet and post-Soviet Russia during a time when Americans thought anything was possible in Russia. Using an analytic framework of foreground ideas (Western, liberal, and neo-liberal) and background forces (Russian cultural influences, nationalism, and lingering Soviet ideology), it examines the ideas and intentions of the people involved. First-person interviews with consultants, businesspeople, and citizen diplomats help capture the essence of this turbulent reform period through the eyes of those who experienced it and present the importance of this experience as a piece of the puzzle in understanding contemporary Russia. It will be an invaluable resource for students of international relations, Russian Studies majors, researchers, and members of the general public who are trying to understand the evolution of the current antagonism between the United States and Russia.

Russia's Market Economy

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Author :
Publisher : Routledge
ISBN 13 : 1135433747
Total Pages : 400 pages
Book Rating : 4.1/5 (354 download)

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Book Synopsis Russia's Market Economy by : Stefan Hedlund

Download or read book Russia's Market Economy written by Stefan Hedlund and published by Routledge. This book was released on 2002-11-01 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: Russia's Market Economy is a seminal account of Russia's transition to the market, its tortuous development as a fledgling market economy through the 1990s, right through to its spectacular collapse in August 1998. Rather than beginning with the economic collapse, the book traces the historical mismanagement of Russian wealth through to the Soviet command economy, and on to Gorbachev. Stefan Hedlund finally discusses what lessons should be learned from the damage inflicted on the Russian economy, as well as its social, legal and political infrastructure, by the race of reform.

State and Evolution

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Publisher : University of Washington Press
ISBN 13 : 9780295983493
Total Pages : 172 pages
Book Rating : 4.9/5 (834 download)

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Book Synopsis State and Evolution by : E. T. Gaidar

Download or read book State and Evolution written by E. T. Gaidar and published by University of Washington Press. This book was released on 2003 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: “What was the revolution of the 1990s for Russia?” writes Yegor Gaidar, the first post-Soviet prime minister of Russia and one of the principal architects of its historic transformation to a market economy. “Was it a hard but salutary road toward the creation of a workable democracy with workable markets, a way for Russia to develop and survive in the twenty-first century? Or was it the prologue to another closed, stultified regime marching to the music of old myths and anthems?”

Russia's Crony Capitalism

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Publisher : Yale University Press
ISBN 13 : 030024309X
Total Pages : 336 pages
Book Rating : 4.3/5 (2 download)

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Book Synopsis Russia's Crony Capitalism by : Anders Åslund

Download or read book Russia's Crony Capitalism written by Anders Åslund and published by Yale University Press. This book was released on 2019-05-21 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: A penetrating look into the extreme plutocracy Vladimir Putin has created and its implications for Russia's future This insightful study explores how the economic system Vladimir Putin has developed in Russia works to consolidate control over the country. By appointing his close associates as heads of state enterprises and by giving control of the FSB and the judiciary to his friends from the KGB, he has enriched his business friends from Saint Petersburg with preferential government deals. Thus, Putin has created a super wealthy and loyal plutocracy that owes its existence to authoritarianism. Much of this wealth has been hidden in offshore havens in the United States and the United Kingdom, where companies with anonymous owners and black money transfers are allowed to thrive. Though beneficial to a select few, this system has left Russia's economy in untenable stagnation, which Putin has tried to mask through military might.

The Economics and Politics of Transition to an Open Market Economy

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Author :
Publisher : Development Centre of the Organisation for Economic Co-operation and Development
ISBN 13 :
Total Pages : 98 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Economics and Politics of Transition to an Open Market Economy by : Andrei Shleifer

Download or read book The Economics and Politics of Transition to an Open Market Economy written by Andrei Shleifer and published by Development Centre of the Organisation for Economic Co-operation and Development. This book was released on 1998 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Creating the Post-Soviet Russian Market Economy

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Author :
Publisher :
ISBN 13 : 9781032021607
Total Pages : 0 pages
Book Rating : 4.0/5 (216 download)

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Book Synopsis Creating the Post-Soviet Russian Market Economy by : Daniel M. Satinsky

Download or read book Creating the Post-Soviet Russian Market Economy written by Daniel M. Satinsky and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book captures the essence of the period when Russians and Americans collaborated in creating new structures of government and new businesses in completely uncharted conditions. It presents the experiences of key American participants in late Soviet and post-Soviet Russia during a time when Americans thought anything was possible in Russia. Using an analytic framework of foreground ideas (Western, liberal & neo-liberal) and background forces (Russian cultural influences, nationalism, and lingering Soviet ideology), it examines the ideas and intentions of the people involved. First-person interviews with consultants, businesspeople, and citizen diplomats help capture the essence of this turbulent reform period through the eyes of those who experienced it and presents the importance of this experience as a piece of the puzzle in understanding contemporary Russia. It will be an invaluable resource for students of international relations, Russian studies majors, researchers, and members of the general public who are trying to understand the evolution of the current antagonism between the US and Russia"--

The Russian Market Economy

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Author :
Publisher :
ISBN 13 :
Total Pages : 272 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Russian Market Economy by : Pekka Sutela

Download or read book The Russian Market Economy written by Pekka Sutela and published by . This book was released on 2004 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Russia's Capitalist Revolution

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Publisher : Peterson Institute
ISBN 13 : 0881325376
Total Pages : 389 pages
Book Rating : 4.8/5 (813 download)

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Book Synopsis Russia's Capitalist Revolution by : Anders Åslund

Download or read book Russia's Capitalist Revolution written by Anders Åslund and published by Peterson Institute. This book was released on 2007 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt:

How Capitalism was Built

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Publisher :
ISBN 13 : 9781139779913
Total Pages : pages
Book Rating : 4.7/5 (799 download)

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Book Synopsis How Capitalism was Built by : Anders Åslund

Download or read book How Capitalism was Built written by Anders Åslund and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "Anders Åslund is known for making bold predictions, which initially arouse controversy but become common wisdom a few years later. He foresaw the collapse of the Soviet Union in his book Gorbachev's Struggle for Economic Reform (1989). He depicted the success of Russia's market transformation in How Russia Became a Market Economy (1995), when others saw little but chaos. After Russia's financial crisis of 1998, ijlund insisted that Russia had no choice but to adjust to the world market (Building Capitalism, 2002), although most observers declared the market economic experiment a failure. - Why did not Russia choose Chinese gradual reforms? - Why are the former Soviet countries growing much faster than the Central European economies? - How did the oligarchs arise? - Where are the postcommunist countries heading? These are just some of the questions answered in his new book How Capitalism Was Built which tells the story how all but three of twenty-one former communist countries were transformed into market economies from 1989 to 2011, but less than half of them became democracies. Anybody who wants to understand the often confusing dramas unfolding in the region and to obtain an early insight into the future will find this book useful and intellectually stimulating"--

Privatisation in Russia - a Successful Experiment on the Way to a Market Economy?

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Author :
Publisher : GRIN Verlag
ISBN 13 : 3640858875
Total Pages : 61 pages
Book Rating : 4.6/5 (48 download)

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Book Synopsis Privatisation in Russia - a Successful Experiment on the Way to a Market Economy? by : Christine Polzin

Download or read book Privatisation in Russia - a Successful Experiment on the Way to a Market Economy? written by Christine Polzin and published by GRIN Verlag. This book was released on 2011-03-20 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2003 in the subject Cultural Studies - East European Studies, grade: 1,0, European University Viadrina Frankfurt (Oder), course: Reforming Russia - Objectives and Obstacles. Seminar: MA, Soziale Bewegungen-Institutionen-Kulturelle Orientierungen, language: English, abstract: ABSTRACT Dieser Aufsatz beschäftigt sich mit der Umsetzung der Privatisierung in Russland im Rahmen des Transformationsprozesses. Die Umwandlung von Staats- in Privateigentum in einer ehemaligen sozialistischen Planwirtschaft galt als einer der konstituierenden Grundbausteine beim Aufbau einer Marktwirtschaft. Hierzu musste ein umfangreiches Privatisierungsprogramm erarbeitet und umgesetzt werden. Die Besonderheit in der ehemaligen Sowjetunion bestand dabei vor allem darin, dass es für eine derart weit reichende Privatisierung fast sämtlicher Industriezweige innerhalb kürzester Zeit bis dato noch kein praktisches Äquivalent gab, an dem man sich hätte orientieren können. Westliche Ökonomen, die als Berater der russischen Reformer wesentlichen Einfluss auf das Programm nahmen, legten bei ihren Annahmen und Zielen neoklassische Wirtschaftstheorien zugrunde, die im wesentlichen rationale und nutzenmaximierende Akteure voraussetzen. Sie hatten jedoch relativ wenig Erfahrung mit dem tatsächlichen Verhalten russischer Akteure. Woran diese westlichen Ansätze bei ihrer praktischen Umsetzung scheiterten, wird der folgende Aufsatz versuchen zu beschreiben. Einige der zu erwartenden Restriktionen des Privatisierungsprozesses, wie z.B. die ungünstigen ökonomischen und rechtlichen Rahmenbedingungen, politische Instabilität und das wahrscheinliche Fortbestehen bestimmter informeller Netzwerke, waren den Reformern durchaus bewusst und konnten dementsprechend teilweise bei der Planung Berücksichtigung finden. Zur inhaltlichen Eingrenzung soll in diesem Aufsatz jedoch nur auf jene Faktoren eingegangen werden, die größtenteils unterschätzt wurden, und welche sich auch als nur schw

Kapitalizm

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Publisher : Yale University Press
ISBN 13 : 0300127626
Total Pages : 335 pages
Book Rating : 4.3/5 (1 download)

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Book Synopsis Kapitalizm by : Rose Brady

Download or read book Kapitalizm written by Rose Brady and published by Yale University Press. This book was released on 2008-10-01 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: As Moscow bureau chief for Business Week magazine, Rose Brady was on the scene during the fall of the Soviet Union and the key early years of Russia’s transformation from a socialist state to a market economy. Brady interviewed scores of major political and economic figures, entrepreneurs, and ordinary Russian citizens, all of whom confronted enormous changes during the first five years of economic reform. In this compelling book, Brady provides one of the first accounts of Russia’s transition period written by an observer without a personal stake in the reform efforts’ outcome. The author takes readers into the factories, stores, banks, impromptu markets, homes, and schools of Russia, as well as into the corridors of power, to explain how the country’s own brand of capitalism has evolved. The book describes the shock to citizens when Boris Yeltsin’s government liberated prices in 1992; the early entrepreneurs who scrambled for position as state assets were privatized; privatization chief Anatoly Chubais’s crucial compromises, which altered the shape of Russian capitalism; and the development of an oligarchical system dominated by a handful of financial-industrial conglomerates. Some people have been left behind in poverty, sickness, and confusion as Russia has lurched toward capitalism, Brady concludes, yet by 1997, with private-sector domination of the economy, Russia had achieved an essentially successful economic transformation.

Kremlin Capitalism

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Publisher : Cornell University Press
ISBN 13 : 1501722220
Total Pages : 272 pages
Book Rating : 4.5/5 (17 download)

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Book Synopsis Kremlin Capitalism by : Joseph R. Blasi

Download or read book Kremlin Capitalism written by Joseph R. Blasi and published by Cornell University Press. This book was released on 2018-10-18 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first book to describe Russia's massive economic transformation for an American audience, Kremlin Capitalism provides a wealth of data and analyses not previously available in this country. The authors articulate the political and economic goals of Russian privatization, examine the current ownership of the largest enterprises in Russia, and chart the serious problem of corporate governance in the new private businesses. Kremlin Capitalism is based on the only continuous study of Russian privatization throughout the Russian Federation from 1992 to the present. The authors tracked down the story of the transition in the cities, towns, and villages of fifty of Russia's eighty-nine provinces, updating their findings after the June 1996 election. The result is an up-to-the-minute report of the largest property transfer in history and an analysis of one of this century's most significant economic transformations. The volume also characterizes the position of workers in terms of unemployment, wages, union power, and their changing role as employee shareholders.What really happened when Russia privatized its economy? The Kremlin brokered the initial struggle among different interest groups eager to claim a portion of Russian property: workers, managers, the Mafia, the old Soviet bureaucracy, regular citizens, entrepreneurs, Russian banks, and foreigners. While competing with one another, all struggled to free themselves from seventy years of Communist economic culture. Four years after the process began, have large companies learned to offer goods and services profitably and pay dividends to shareholders? Individual stories come alive as the book explores problems Russians face in structuring a new economic system, defining the ownership and governance of thousands of corporations one by one. Russian economic practices are being forged in the heat of fierce political struggles between resurgent Communists and nationalists and old Soviet managers, on the one hand, and more liberal elements of its infant democratic system on the other. Whether a few big conglomerates and the powerful banks and holding companies from Soviet days will dominate the new Russian economy to the exclusion of most citizens remains to be seen.Many questions persist. How will billions of dollars of capital be raised to retool, restructure, and reorient the heart and soul of Russia's economy? Will open stock markets stimulate a new economic order or will that new order be imposed through strong state supports and subsidies? What role will be played by shadowy conglomerates that are trying to shape a disorganized economy into something resembling the old Soviet system? The authors note the paradox of a capitalism conceived, designed, implemented, and evaluated by the Kremlin when one aim of reform is to allow market forces to play freely. Kremlin Capitalism asks whether rapid privatization has catalyzed or complicated the transition to a more liberal political and economic system, a question that will reverberate for decades.

How Capitalism Was Built

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Author :
Publisher : Cambridge University Press
ISBN 13 : 9781107628182
Total Pages : 440 pages
Book Rating : 4.6/5 (281 download)

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Book Synopsis How Capitalism Was Built by : Anders Aslund

Download or read book How Capitalism Was Built written by Anders Aslund and published by Cambridge University Press. This book was released on 2012-11-12 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: Anders Åslund is known to make bold predictions that initially arouse controversy but soon become common wisdom. In his book Gorbachev's Struggle for Economic Reform (1989), he foresaw the collapse of the Soviet political and economic system. When others saw little but chaos, he depicted the success of Russia's market transformation in How Russia Became a Market Economy (1995). After Russia's financial crisis of 1998, although most observers declared the market economic experiment a failure, Åslund foresaw market economic success (Building Capitalism, 2002). In How Capitalism Was Built, Second Edition, he asks - and answers in depth for the twenty-one countries he investigates: • Why did communism collapse? • Why did Russia not choose gradual reforms like China did? • Wherein lies the relative success of postcommunist transformation? • How did the oligarchs arise and decline vis-...-vis authoritarian leaders? Anyone who wants to understand the often confusing postcommunist dramas and to obtain an early insight into the future will find this intellectually stimulating book useful. The second edition includes updates to each chapter as well as new chapters on the impact of the global financial crisis and the European Union on the region.