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Comparative Oligarchy: Russia, Ukraine and the United States

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Author Info

  • Anders Aslund

Abstract

The incidence of oligarchs is one of the most significant political problems after communism. An appropriate policy towards them has become a pressing issue for both Russia and Ukraine and addressing this matter will greatly influence the future economic systems of these countries. The paper examines the nature of oligarchs and the reasons for their emergence. Similarities with the great new businessmen in America of the 1850s, the so called "robber barons", are drawn. The paper also discusses common reactions to oligarchs and the ways to treat the oligarch problem. Finally, it reviews a number of policy and political options; and promotes making oligarchs pay a compensation for benefits they have enjoyed, in return guaranteeing them their property rights.

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File URL: http://www.case-research.eu/upload/publikacja_plik/4931074_SA%20296last.pdf
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Bibliographic Info

Paper provided by CASE-Center for Social and Economic Research in its series CASE Network Studies and Analyses with number 0296.

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Length: 17 Pages
Date of creation: 2005
Date of revision:
Handle: RePEc:sec:cnstan:0296

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Related research

Keywords: Oligarchy; Russia; Ukraine; economic system; politics; property rights; legal reform;

References

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  1. Maxim Boycko & Andrei Shleifer & Robert W. Vishny, 1993. "Privatizing Russia," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 24(2), pages 139-192.
  2. Aslund,Anders, 2002. "Building Capitalism," Cambridge Books, Cambridge University Press, number 9780521801393, October.
  3. Yuri I. Yekhanurov, 2000. "The Progress of Privatization," Eastern European Economics, M.E. Sharpe, Inc., vol. 38(1), pages 71-93, February.
  4. Andrei Shleifer & Daniel Treisman, 2005. "A Normal Country: Russia After Communism," Journal of Economic Perspectives, American Economic Association, vol. 19(1), pages 151-174, Winter.
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Cited by:
  1. Gorodnichenko, Yuriy & Grygorenko, Yegor, 2008. "Are oligarchs productive? Theory and evidence," Journal of Comparative Economics, Elsevier, vol. 36(1), pages 17-42, March.
  2. Libman, Alexander, 2006. "Different paths of the second transition in the post-Soviet world: a political-economic analysis," MPRA Paper 11781, University Library of Munich, Germany.
  3. Alexander Libman, 2006. "Government-Business Relations and Catching Up Reforms in the CIS," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 3(2), pages 263-288, December.
  4. Libman, Alexander, 2006. "Zum Spannungsfeld zwischen staatlicher und privater Wirtschaft am Beispiel der postsowjetischen Staaten
    [On the interaction of public and private businesses: Example of the post-Soviet space]
    ," MPRA Paper 10941, University Library of Munich, Germany.

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