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A Normal Country: Russia after Communism

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Author Info
Andrei Shleifer
Daniel Treisman

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Abstract

During the 1990s, Russia underwent an extraordinary transformation from a communist dictatorship to a multi-party democracy, from a centrally planned economy to a market economy, and from a belligerent adversary of the West to a cooperative partner. Yet a consensus in the US circa 2000 viewed Russia as a disastrous and threatening failure, and the 1990s as a decade of catastrophe for its citizens. Analyzing a variety of economic and political data, we demonstrate a large gap between this perception and the facts. In contrast to the common image, by the late 1990s Russia had become a typical middle-income capitalist democracy.

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Publisher Info
Article provided by American Economic Association in its journal Journal of Economic Perspectives.

Volume (Year): 19 (2005)
Issue (Month): 1 (Winter)
Pages: 151-174
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Handle: RePEc:aea:jecper:v:19:y:2005:i:1:p:151-174

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  3. Simon Gaechter & Benedikt Herrmann, 2006. "The limits of self-governance in the presence of spite: Experimental evidence from urban and rural Russia," Discussion Papers 2006-13, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham. [Downloadable!]
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  4. Guriev, Sergei & Rachinsky, Andrei, 2006. "The Evolution of Personal Wealth in the Former Soviet Union and Central and Eastern Europe," Working Papers RP2006/120, World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
  5. Goriaev, Alexei P. & Sonin, Konstantin, 2005. "Is Political Risk Company-Specific? The Market Side of the Yukos Affair," CEPR Discussion Papers 5076, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  6. Alberto Chong & Mark Gradstein, 2008. "¿A quién le hacen falta líderes autoritarios?," RES Working Papers 4564, Inter-American Development Bank, Research Department. [Downloadable!]
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  10. Geoffrey M. Hodgson, 2006. "Instituciones, recesiones y recuperación en las economías en transición," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 8(15), pages 43-68, July-Dece. [Downloadable!]
  11. Giannetti, Mariassunta & Ongena, Steven, 2008. ""Lending by Example": Direct and Indirect Effects of Foreign Banks in Emerging Markets," CEPR Discussion Papers 6958, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  12. Steven Rosefielde, 2005. "Russia: An Abnormal Country," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 2(1), pages 3-16, June. [Downloadable!]
  13. Ruta Aidis & Saul Estrin & Tomasz Mickiewicz, 2007. "Institutions and Entrepreneurship Development in Russia:A Comparative Perspective," CEDI Discussion Paper Series 07-03, Centre for Economic Development and Institutions(CEDI), Brunel University. [Downloadable!]
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  14. Beck, Thorsten & Laeven, Luc, 2005. "Institution building and growth in transition economies," Policy Research Working Paper Series 3657, The World Bank. [Downloadable!]
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  15. Maria Petrova, 2009. "Newspapers and Parties: How Advertising Revenues Created an Independent Press," Working Papers w0131, Center for Economic and Financial Research (CEFIR). [Downloadable!]
  16. Alberto Chong & Mark Gradstein, 2008. "Who Needs Strong Leaders?," RES Working Papers 4563, Inter-American Development Bank, Research Department. [Downloadable!]
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