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A Normal Country: Russia After Communism

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  • Andrei Shleifer
  • Daniel Treisman

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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File URL: http://www.aeaweb.org/articles.php?doi=10.1257/0895330053147949
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Bibliographic 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

Note: DOI: 10.1257/0895330053147949
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  1. Sergei Guriev & Andrei Rachinsky, 2004. "Ownership concentration in Russian industry," Working Papers w0045, Center for Economic and Financial Research (CEFIR).
  2. John Gibson & Steven Stillman, 2004. "CPI Bias and Real Living Standards in Russia During The Transition," Econometric Society 2004 North American Summer Meetings 504, Econometric Society.
  3. Aslund,Anders, 2002. "Building Capitalism," Cambridge Books, Cambridge University Press, number 9780521801393, Fall.
  4. Karla Hoff & Joseph E. Stiglitz, 2004. "After the Big Bang? Obstacles to the Emergence of the Rule of Law in Post-Communist Societies," American Economic Review, American Economic Association, vol. 94(3), pages 753-763, June.
  5. Branko Milanovic, 1999. "Explaining the increase in inequality during transition," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 7(2), pages 299-341, July.
  6. Shkolnikov, Vladimir M. & Cornia, Giovanni A. & Leon, David A. & Mesle, France, 1998. "Causes of the Russian mortality crisis: Evidence and interpretations," World Development, Elsevier, vol. 26(11), pages 1995-2011, November.
  7. Mara Faccio, 2006. "Politically Connected Firms," American Economic Review, American Economic Association, vol. 96(1), pages 369-386, March.
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