The New Political Economy Of Russia

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The New Political Economy of Russia

Author : Erik Berglof
Publisher : MIT Press
ISBN 13 : 9780262261760
Total Pages : 192 pages
Book Rating : 4.2/5 (617 download)

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Book Synopsis The New Political Economy of Russia by : Erik Berglof

Download or read book The New Political Economy of Russia written by Erik Berglof and published by MIT Press. This book was released on 2003-06-06 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: An analysis of the challenges facing Russia's economy ten years after the transition, based on recent research and data. Can Russia's recent burst of economic growth be sustained? Taking a comprehensive look at the economic and political regime shift from Yeltsin to Putin, this book explores the key challenges facing the Russian economy: to narrow the productivity gap between Russian and Western firms and industries; to attract more domestic and foreign investment; and, underlying these goals, to implement the judicial, administrative, social, and banking reforms necessary to future growth. Written by a team of researchers from the Center for Economic and Financial Research—a Moscow-based independent think tank—the book draws on a wealth of new research and data. The authors emphasize the need to strengthen the protection of property rights, restructure the banking sector, and reduce government officials' powers to intervene arbitrarily in private businesses. They also stress the importance of enhancing human capital—through educational reform and by reducing barriers to citizens' geographical and sectoral mobility. Considering political institutions, the authors examine the promise and risks of the centralization of power around President Putin. Finally, they discuss the likely impact of Russia's greater integration into the world economy, notably through its potential membership in the World Trade Organization.

The Political Economy of Russia

Author : Neil Robinson
Publisher : Rowman & Littlefield
ISBN 13 : 1442210753
Total Pages : 241 pages
Book Rating : 4.4/5 (422 download)

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Book Synopsis The Political Economy of Russia by : Neil Robinson

Download or read book The Political Economy of Russia written by Neil Robinson and published by Rowman & Littlefield. This book was released on 2012 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely book explores Russia's political development since the collapse of the USSR and how inextricably it has been bound up with economic change. Assessing the legacies of the Soviet period, leading scholars trace the evolution of Russia's political economy and how it may develop as bitter battles continue to be waged over property and state revenues, the development of private agriculture, and welfare. This book puts these domestic issues in international and comparative perspective by considering Russia's position in the global economy and its growing role as a major energy producer. Focusing especially on the nature and future of Russian capitalism, the contributors weigh the political problems that confront Russia in its ongoing struggle to modernize and develop its economy.

The Political Economy of Russia

Author : Neil Robinson
Publisher : Rowman & Littlefield Publishers
ISBN 13 : 1442210761
Total Pages : 241 pages
Book Rating : 4.4/5 (422 download)

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Book Synopsis The Political Economy of Russia by : Neil Robinson

Download or read book The Political Economy of Russia written by Neil Robinson and published by Rowman & Littlefield Publishers. This book was released on 2012-07-13 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely book explores Russia’s political development since the collapse of the USSR and how inextricably it has been bound up with economic change. Tracing the evolution of Russia’s political economy, leading scholars consider how it may continue to develop going forward. They assess the historical legacies of the Soviet period, showing how—despite policies implemented after the USSR dissolved in 1991—there are ongoing bitter battles over property and state revenues, over land, and over welfare. The book puts these domestic issues in international and comparative perspective by considering Russia’s position in the global economy and its growing role as a major energy producer. Focusing especially on the nature and future of Russian capitalism, the contributors weigh the political problems that confront Russia in its ongoing struggle to modernize and develop its economy. Contributions by: Andrew Barnes, Paul T. Christensen, Linda J. Cook, Gerald M. Easter, Neil Robinson, Richard Sakwa, and Stephen K. Wegren.

Without a Map

Author : Andrei Shleifer
Publisher : Mit Press
ISBN 13 : 9780262692694
Total Pages : 223 pages
Book Rating : 4.6/5 (926 download)

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Book Synopsis Without a Map by : Andrei Shleifer

Download or read book Without a Map written by Andrei Shleifer and published by Mit Press. This book was released on 2001 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: A balanced look at Russia's attempts to build capitalism on the ruins of Soviet central planning. Recent commentators on Russia's economic reforms have almost uniformly declared them a disappointing and avoidable--failure. In this book, two American scholars take a new and more balanced look at the country's attempts to build capitalism on the ruins of Soviet central planning. They show how and why the Russian reforms achieved remarkable breakthroughs in some areas but came undone in others. Unlike Eastern European countries such as Poland or the Czech Republic, to which it is often compared, Russia is a federal, ethnically diverse, industrial giant with an economy heavily oriented toward raw materials extraction. The political obstacles it faced in designing reforms were incomparably greater. Shleifer and Treisman tell how Russia's leaders, navigating in uncharted economic terrain, managed to find a path around some of these obstacles. In successful episodes, central reformers devised a strategy to win over some key opponents, while dividing and marginalizing others. Such political tactics made possible the rapid privatization of 14,000 state enterprises in 1992-1994 and the defeat of inflation in 1995. But failure to outmaneuver the new oligarchs and regional governors after 1996 undermined reformers' attempts to collect taxes and clean up the bureaucracy that has stifled business growth.Renewing a strain of analysis that runs from Machiavelli to Hirschman, the authors reach conclusions about political strategies that have important implications for other reformers. They draw on their extensive knowledge of the country and recent experience as advisors to Russian policymakers. Written in an accessible style, the book should appeal to economists, political scientists, policymakers, businesspeople, and all those interested in Russian politics or economics.

Local Heroes

Author : Kathryn Stoner-Weiss
Publisher : Princeton University Press
ISBN 13 : 0691228043
Total Pages : 258 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis Local Heroes by : Kathryn Stoner-Weiss

Download or read book Local Heroes written by Kathryn Stoner-Weiss and published by Princeton University Press. This book was released on 2021-04-13 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Local Heroes, Kathryn Stoner-Weiss analyzes a crucial aspect of one of the great dramas of modern times--the reconstitution of the Russian polity and economy after more than seventy years of communist rule. This is the first book to look comprehensively and systematically at Russia's democratic transition at the local level. Its goal is to explain why some of the new political institutions in the Russian provinces weathered the monumental changes of the early 1990s better than others. Using newly available economic, political, and sociological data to test various theories of democratization and institutional performance, Stoner-Weiss finds that traditional theories are unable to explain variations in regional government performance in Russia. Local Heroes argues that the legacy of the former economic system influenced the operation of new political institutions in important and often unexpected ways. Past institutional structures, specifically the concentration of the regional economy, promoted the formation of political and economic coalitions within a new proto-democratic institutional framework. These coalitions have had positive effects on governmental performance. For democratic theorists, this may be a surprising conclusion. However, it is possible, as Stoner-Weiss suggests, that the needs of democratic development may be different in the short run than in the long run. The "local heroes" of today may be impediments to the further development of democracy tomorrow. This provocative work, solidly grounded in research and theory, will interest anyone concerned with issues of economic and political transition.

Transition Economies

Author : Martin Myant
Publisher : Wiley Global Education
ISBN 13 : 1118138090
Total Pages : 418 pages
Book Rating : 4.1/5 (181 download)

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Book Synopsis Transition Economies by : Martin Myant

Download or read book Transition Economies written by Martin Myant and published by Wiley Global Education. This book was released on 2012-04-13 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transition Economies provides students with an up-to-date and highly comprehensive analysis of the economic transformation in former communist countries of Eastern and Central Europe and countries of the former Soviet Union. With coverage extending from the end of central planning to the capitalist varieties of the present, this text provides a comparative analysis of economic transformation and political-economic diversity that has emerged as a direct result. It covers differences between countries in terms of economic performance and integration into the world economy. Transition Economies seeks to explain and deepen understanding of these differences, chart the emerging forms of capitalism there, and provide country responses to the world financial crisis of 2008-2009.

The Oxford Handbook of the Russian Economy

Author : Michael Alexeev
Publisher : Oxford University Press
ISBN 13 : 0199344132
Total Pages : 864 pages
Book Rating : 4.1/5 (993 download)

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Book Synopsis The Oxford Handbook of the Russian Economy by : Michael Alexeev

Download or read book The Oxford Handbook of the Russian Economy written by Michael Alexeev and published by Oxford University Press. This book was released on 2013-06-04 with total page 864 pages. Available in PDF, EPUB and Kindle. Book excerpt: By 1999, Russia's economy was growing at almost 7% per year, and by 2008 reached 11th place in the world GDP rankings. Russia is now the world's second largest producer and exporter of oil, the largest producer and exporter of natural gas, and as a result has the third largest stock of foreign exchange reserves in the world, behind only China and Japan. But while this impressive economic growth has raised the average standard of living and put a number of wealthy Russians on the Forbes billionaires list, it has failed to solve the country's deep economic and social problems inherited from the Soviet times. Russia continues to suffer from a distorted economic structure, with its low labor productivity, heavy reliance on natural resource extraction, low life expectancy, high income inequality, and weak institutions. While a voluminous amount of literature has studied various individual aspects of the Russian economy, in the West there has been no comprehensive and systematic analysis of the socialist legacies, the current state, and future prospects of the Russian economy gathered in one book. The Oxford Handbook of the Russian Economy fills this gap by offering a broad range of topics written by the best Western and Russian scholars of the Russian economy. While the book's focus is the current state of the Russian economy, the first part of the book also addresses the legacy of the Soviet command economy and offers an analysis of institutional aspects of Russia's economic development over the last decade. The second part covers the most important sectors of the economy. The third part examines the economic challenges created by the gigantic magnitude of regional, geographic, ethnic, religious and linguistic diversity of Russia. The fourth part covers various social issues, including health, education, and demographic challenges. It will also examine broad policy challenges, including the tax system, rule of law, as well as corruption and the underground economy. Michael Alexeev and Shlomo Weber provide for the first time in one volume a complete, well-rounded, and essential look at the complex, emerging Russian economy.

Kremlin Capitalism

Author : Joseph R. Blasi
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.

The Political Economy of Putin's Russia

Author : Pekka Sutela
Publisher : Routledge
ISBN 13 : 1136338012
Total Pages : 324 pages
Book Rating : 4.1/5 (363 download)

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Book Synopsis The Political Economy of Putin's Russia by : Pekka Sutela

Download or read book The Political Economy of Putin's Russia written by Pekka Sutela and published by Routledge. This book was released on 2013-02-28 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes an up-to-date treatment of Russia’s economic development and economic policies since 2000, when Vladimir Putin became the President of Russia. After the slow decline and sudden collapse of the Soviet Union, Russia embarked upon a multi-faceted change. This included transition from central management to a market economy, from one-party rule to democracy, from multi-national empire to nation state, and from relative autarchy to opening up to the European and global communities. This book concentrates on economic change, exploring how in spite of steep production decline, widening welfare differentials and increasing social uncertainty, the 1990s also created many of the institutional and policy preconditions for a functioning market economy.

The Political Economy of Russian Oil

Author : David Lane
Publisher : Rowman & Littlefield
ISBN 13 : 9780847695096
Total Pages : 240 pages
Book Rating : 4.6/5 (95 download)

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Book Synopsis The Political Economy of Russian Oil by : David Lane

Download or read book The Political Economy of Russian Oil written by David Lane and published by Rowman & Littlefield. This book was released on 1999 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the dominant export-oriented industries in Russia, oil is a major source of tax revenue and wealth. The privatization of these vast assets has made the industry a site not only for conflict between power holders but also a strategic target for international corporations and Western governments. In this thoughtful analysis, a group of international specialists explores the political and economic issues and controversies surrounding the oil industry's move to capitalism. The authors examine the spread of crime and corruption, the role of Russian and Western financial institutions, regional tensions, and the international dimension. As a paradigm for the Russian economy as a whole, the case of oil industry provides invaluable insights for understanding the political and economic problems confronting Russia today.

Russia's Response to Sanctions

Author : Richard Connolly
Publisher : Cambridge University Press
ISBN 13 : 1108415024
Total Pages : 245 pages
Book Rating : 4.1/5 (84 download)

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Book Synopsis Russia's Response to Sanctions by : Richard Connolly

Download or read book Russia's Response to Sanctions written by Richard Connolly and published by Cambridge University Press. This book was released on 2018-07-05 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first in-depth scholarly analysis of the effects of Western sanctions, and Russia's response on the Russian economy.

Culture, Political Economy and Civilisation in a Multipolar World Order

Author : Ray Silvius
Publisher : Taylor & Francis
ISBN 13 : 1317353544
Total Pages : 188 pages
Book Rating : 4.3/5 (173 download)

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Book Synopsis Culture, Political Economy and Civilisation in a Multipolar World Order by : Ray Silvius

Download or read book Culture, Political Economy and Civilisation in a Multipolar World Order written by Ray Silvius and published by Taylor & Francis. This book was released on 2016-10-04 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book seeks to understand how Russia’s multifaceted rejection of American unipolarity and de-territorialised neo-liberal capitalism has contributed to the gestation of the present multipolar moment in the global political economy. Analysing Western world order precepts via the actions of a powerful, albeit precarious, national political economy and state structure situated on the periphery of Western world order, Silvius explores the manner in which culture and ideas are mobilised for the purposes of national, regional and international political and economic projects in a post-global age. The book: Explains and analyses the tensions of post-Soviet Russia’s integration into, and simultaneous partial rejection of, the capitalist global political economy. Provides an overview of the social, political and historical origins of Russian samobytnost’ (uniqueness) after the fall of the Soviet Union and demonstrates their significance to contemporary understandings of world order. Explores how structures of cultural difference and practices of cultural differentiation interact with the normative legacies of American hegemonic aspirations in contemporary world order structures. Evaluates how cultural and civilisational representations are mobilised for state-projects and their corresponding regional and international dimensions within the global political economy. This book will be of great interest to students and scholars of Russian Foreign Policy, IPE and comparative political economy.

The Russian Economy: A Very Short Introduction

Author : Richard Connolly
Publisher : Oxford University Press
ISBN 13 : 0192588540
Total Pages : 152 pages
Book Rating : 4.1/5 (925 download)

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Book Synopsis The Russian Economy: A Very Short Introduction by : Richard Connolly

Download or read book The Russian Economy: A Very Short Introduction written by Richard Connolly and published by Oxford University Press. This book was released on 2020-07-23 with total page 152 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.

The New Autocracy

Author : Daniel Treisman
Publisher : Brookings Institution Press
ISBN 13 : 0815732449
Total Pages : 265 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis The New Autocracy by : Daniel Treisman

Download or read book The New Autocracy written by Daniel Treisman and published by Brookings Institution Press. This book was released on 2018-02-06 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corruption, fake news, and the "informational autocracy" sustaining Putin in power After fading into the background for many years following the collapse of the Soviet Union, Russia suddenly has emerged as a new threat—at least in the minds of many Westerners. But Western assumptions about Russia, and in particular about political decision-making in Russia, tend to be out of date or just plain wrong. Under the leadership of Vladimir Putin since 2000, Russia is neither a somewhat reduced version of the Soviet Union nor a classic police state. Corruption is prevalent at all levels of government and business, but Russia's leaders pursue broader and more complex goals than one would expect in a typical kleptocracy, such as those in many developing countries. Nor does Russia fit the standard political science model of a "competitive authoritarian" regime; its parliament, political parties, and other political bodies are neither fakes to fool the West nor forums for bargaining among the elites. The result of a two-year collaboration between top Russian experts and Western political scholars, Autocracy explores the complex roles of Russia's presidency, security services, parliament, media and other actors. The authors argue that Putin has created an “informational autocracy,” which relies more on media manipulation than on the comprehensive repression of traditional dictatorships. The fake news, hackers, and trolls that featured in Russia’s foreign policy during the 2016 U.S. presidential election are also favored tools of Putin’s domestic regime—along with internet restrictions, state television, and copious in-house surveys. While these tactics have been successful in the short run, the regime that depends on them already shows signs of age: over-centralization, a narrowing of information flows, and a reliance on informal fixers to bypass the bureaucracy. The regime's challenge will be to continue to block social modernization without undermining the leadership’s own capabilities.

Re-Examining the History of the Russian Economy

Author : Jeffrey K. Hass
Publisher : Springer
ISBN 13 : 3319754149
Total Pages : 374 pages
Book Rating : 4.3/5 (197 download)

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Book Synopsis Re-Examining the History of the Russian Economy by : Jeffrey K. Hass

Download or read book Re-Examining the History of the Russian Economy written by Jeffrey K. Hass and published by Springer. This book was released on 2018-06-14 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the application of field theory (patterns of interaction) to Russian economic history, and how social and political fields mediate the influences of institutions, structures, discourses and ideologies in the creation and dissemination of economic thinking, theory and practice. Using focused cases on Russia's economy from the mid-nineteenth century to the present, Hass and co-authors expand the empirical basis of field studies to provide new material on Russian economic history. The cases are divided into two complementary halves: i) The role of fields of institutions, discourses, and structures in the development of Russian economic thought, especially economic theories and discourses; and ii) The role of fields in the real adoption and implementation of policies in Soviet and Russian economic history. With developed discussion of fields and field theory, this book moves beyond sociology to demonstrate to other disciplines the relation of fields and field theory to other frameworks and methodological considerations for field analysis, as well as providing new empirical insights and narratives not as well-known abroad.

Reforging the Weakest Link

Author : Neil Robinson
Publisher : Routledge
ISBN 13 : 1351150545
Total Pages : 188 pages
Book Rating : 4.3/5 (511 download)

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Book Synopsis Reforging the Weakest Link by : Neil Robinson

Download or read book Reforging the Weakest Link written by Neil Robinson and published by Routledge. This book was released on 2019-06-04 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 2004. The collapse of the USSR and the emergence of 15 new states from its ashes presents another challenge to the global economy: how to reintegrate the post-Soviet space into the international economy. The spread of liberal market ideology and integration of national economic spaces into a global marketplace faces unique difficulties in the former USSR. This insightful volume explains these challenges, showing how Soviet legacies have worked against a smooth re-entry of Russia, Ukraine and Belarus into the global economy. It also demonstrates how and why global economic forces have had very uneven effects in the area, how the area differs from other parts of the post-communist world where reintegration has proceeded more smoothly, and what the future prospects and political implications are for the region in the global economy.

Incentives and Institutions

Author : Serguey Braguinsky
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.