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Path Dependence in Russian Policy Making: Constraints on Putin's Economic Choice

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  • Stefan Hedlund

Abstract

A decade after the introduction of economic transition in Eastern Europe it was starting to become clear that initial beliefs in one-size-fits-all reforms had been unfounded. While some countries had made the grade, others- notably so Russia- had failed to live up to expectations. This article explores the Russian roots of that failure, arguing that the Russian reformers failed to take into account a deeply rooted Russian path dependence. By focusing narrowly on changes in the formal rules of the game, they neglected pressing needs for broader institutional change, including a credible commitment by the Russian government to impartially enforcing a rules-based system. It is argued that the legacy left for Vladimir Putin in important respects is even more dire than that left by Gorbachev for the El'tsin team.

Suggested Citation

  • Stefan Hedlund, 2000. "Path Dependence in Russian Policy Making: Constraints on Putin's Economic Choice," Post-Communist Economies, Taylor & Francis Journals, vol. 12(4), pages 389-407.
    • Handle: RePEc:taf:pocoec:v:12:y:2000:i:4:p:389-407
    DOI: 10.1080/14631370050216470
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    References listed on IDEAS

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    1. Juliet Johnson, 1994. "The Russian banking system: Institutional responses to the market transition," Europe-Asia Studies, Taylor & Francis Journals, vol. 46(6), pages 971-995.
    2. Hedlund, Stefan & Sundström, Niclas, 1996. "Does Palermo Represent The Future For Moscow?," Journal of Public Policy, Cambridge University Press, vol. 16(2), pages 113-155, May.
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    Cited by:

    1. Yelena Kalyuzhnova & Michael Kaser, 2006. "Prudential Management of Hydrocarbon Revenues in Resource-rich Transition Economies," Post-Communist Economies, Taylor & Francis Journals, vol. 18(2), pages 167-187.
    2. Wandel, Jürgen, 2010. "The cluster-based development strategy in Kazakhstan's agro-food sector: A critical assessment from an Austrian perspective [Die Clusterförderungsstrategie im Agrar- und Ernährungssektor Kasachstan," IAMO Discussion Papers 128, Leibniz Institute of Agricultural Development in Transition Economies (IAMO).
    3. Kalyuzhnova, Yelena & Nygaard, Christian, 2008. "State governance evolution in resource-rich transition economies: An application to Russia and Kazakhstan," Energy Policy, Elsevier, vol. 36(6), pages 1829-1842, June.
    4. repec:zbw:iamodp:91760 is not listed on IDEAS

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