Russia In Period of Transition From Socialism To Capitalism: What Sort A Capitalism?
AbstractWith the disintegration of the Soviet Union in 1991 and the official declaration of the transition from socialism to capitalism, Russia, both in terms of its economic potential and population and in terms of its inheritance of a strict centralist system has a special standing among transitional economies. Having undertaken a “shock” transition to capitalism under the leadership of the International Monetary Fund, this period was quite painful. Within a short time, the country underwent one of its most severe and painful crisis in 1998. Far beyond a transition from socialism to capitalism, bearing the multi-dimensional change in cultural, political and policy areas coupled with a complex process in mind, this transition was no doubt much more difficult and sensitive for a nation like Russia that had a rooted socialist tradition. This reality when combined with a “shock therapy” strategy based on neo-classical prescriptions that guided this process did not take into account the particular condition of the nation together with standard reform policies that ignored institutional change, it became inevitable to question what type of a system came about in Russia. In this context, the purpose of this study is to examine whether the policies put into the implementation within the axis of a basic strategy that was chosen during the transition period did in fact create a capitalist system or not in Russia.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Uludag University, Faculty of Economics and Administrative Sciences in its journal Business and Economics Research Journal.
Volume (Year): 3 (2012)
Issue (Month): 3 (July)
Transition Economies; Transition Period in Russia; Neoclassic Transition Model; Shock Therapy; Gradualism.;
Find related papers by JEL classification:
- P21 - Economic Systems - - Socialist Systems and Transition Economies - - - Planning, Coordination, and Reform
- P36 - Economic Systems - - Socialist Institutions and Their Transitions - - - Consumer Economics; Health; Education and Training; Welfare, Income, Wealth, and Poverty
- P51 - Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Adem Anbar).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.