The economic collapse of Russia
AbstractThe objective of the paper is to contribute to an explanation of Russia's economic decline during its transition to capitalism. The authors argue that, to an important degree, the dismal performance of the Russian economy stems from the overall vision underpinning the transition to capitalism, and to the specific economic policies emanating from that vision. The paper gives first an account of the basic facts regarding Russia's economic depression in the 1990s, followed by the authors' understanding of some of the main economic policies applied, stressing important peculiarities generally overlooked in most studies. The third section analyzes the impact of some of the main economic policies of the Russian transition and ponders whether better alternatives existed. The fourth section briefly assesses the return of economic growth from 1999 onwards. The last section presents conclusions.
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Bibliographic InfoArticle provided by Banca Nazionale del Lavoro in its journal Banca Nazionale del Lavoro Quarterly Review.
Volume (Year): 58 (2005)
Issue (Month): 232 ()
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Web page: http://www.economiacivile.it
Find related papers by JEL classification:
- E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
- O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
- P21 - Economic Systems - - Socialist Systems and Transition Economies - - - Planning, Coordination, and Reform
- P24 - Economic Systems - - Socialist Systems and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation
- P27 - Economic Systems - - Socialist Systems and Transition Economies - - - Performance and Prospects
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