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Whither Russia? A Review of Andrei Shleifer's A Normal Country

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  • Ekaterina Zhuravskaya

Abstract

In this review, the author reflects on the heated debates around views about Russia's postcommunist transition expressed in essays collected in new Andrei Shleifer's book, A Normal Country: Russia after Communism (Harvard University Press, 2005), which were initially published at different times during transition. She focuses on the three questions that have been in the center of the debate among academics and policymakers: What should the sequencing and the speed of reforms be? Should a country have political centralization for fiscal decentralization to be efficient? Is Russia normal? The author argues that Russia's most recent history provides convincing evidence in support of the logic of political and economic transformation as it was understood by Shleifer as early as the beginning of the 1990s.

Suggested Citation

  • Ekaterina Zhuravskaya, 2007. "Whither Russia? A Review of Andrei Shleifer's A Normal Country," Journal of Economic Literature, American Economic Association, vol. 45(1), pages 127-146, March.
  • Handle: RePEc:aea:jeclit:v:45:y:2007:i:1:p:127-146
    Note: DOI: 10.1257/jel.45.1.127
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    References listed on IDEAS

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    Cited by:

    1. Vladimir V.Osakovsky & Valery Inyushin & Debora Revoltella, 2009. "The Russian banking sector: what to expect?," Chapters in SUERF Studies, SUERF - The European Money and Finance Forum.
    2. Peter Havlik, 2009. "The Russian Economy in the Global Turmoil," Chapters in SUERF Studies, SUERF - The European Money and Finance Forum.
    3. Zuzana Fungáčová & Laura Solanko, 2009. "Risk-taking by Russian banks: Do location, ownership and size matter?," Chapters in SUERF Studies, SUERF - The European Money and Finance Forum.
    4. Pekka Sutela, 2009. "Russian Finance: Drag or Booster for Future Growth?," Chapters in SUERF Studies, SUERF - The European Money and Finance Forum.
    5. Brown, David J. & Earle, John S. & Telegdy, Almos, 2016. "Where does privatization work? Understanding the heterogeneity in estimated firm performance effects," Journal of Corporate Finance, Elsevier, vol. 41(C), pages 329-362.
    6. Li, Lixing, 2011. "The incentive role of creating "cities" in China," China Economic Review, Elsevier, vol. 22(1), pages 172-181, March.
    7. Sprenger, Carsten, 2011. "The choice of ownership structure: Evidence from Russian mass privatization," Journal of Comparative Economics, Elsevier, vol. 39(2), pages 260-277, June.
    8. Zeljko Bogetic, 2009. "Russia’s Financial Crisis: Causes, Consequences and Prospects," Chapters in SUERF Studies, SUERF - The European Money and Finance Forum.
    9. Lakshmi Iyer & Xin Meng & Nancy Qian & Xiaoxue Zhao, 2013. "Economic Transition and Private-Sector Labor Demand: Evidence from Urban China," Harvard Business School Working Papers 14-047, Harvard Business School, revised Apr 2016.
    10. Ewald Nowotny, 2009. "Opening Remarks," Chapters in SUERF Studies, SUERF - The European Money and Finance Forum.
    11. Alexander Lehmann, 2009. "Banks and financial reform: their role in sustaining Russia’s growth," Chapters in SUERF Studies, SUERF - The European Money and Finance Forum.
    12. Dobler, Constanze & Hagemann, Harald, 2011. "Economic growth in the post-socialist Russian Federation after 1991: The role of Institutions," Violette Reihe: Schriftenreihe des Promotionsschwerpunkts "Globalisierung und Beschäftigung" 34/2011, University of Hohenheim, Carl von Ossietzky University Oldenburg, Evangelisches Studienwerk.
    13. Morten Balling, 2009. "Introduction," Chapters in SUERF Studies, SUERF - The European Money and Finance Forum.
    14. Peter Havlik, 2015. "Russian Federation 2015: From Stagnation to Recession and Back," wiiw Research Reports 406, The Vienna Institute for International Economic Studies, wiiw.
    15. Iwasaki, Ichiro, 2014. "Global financial crisis, corporate governance, and firm survival:," Journal of Comparative Economics, Elsevier, vol. 42(1), pages 178-211.
    16. Stephan Barisitz, 2009. "Russian Banking in Recent Years: Gaining Depth in a Fragile Environment," Chapters in SUERF Studies, SUERF - The European Money and Finance Forum.
    17. Cyril Pineau-Valencienne, 2009. "Russian financial institutions and the oil and gas sector: Funding and recycling," Chapters in SUERF Studies, SUERF - The European Money and Finance Forum.
    18. Earle, John S. & Gehlbach, Scott, 2014. "The Productivity Consequences of Political Turnover: Firm-Level Evidence from Ukraine's Orange Revolution," IZA Discussion Papers 8510, Institute for the Study of Labor (IZA).
    19. Stephan Barisitz & Zeljko Bogetic & Zuzana Fungacova & Laura Solanko & Peter Havlik & Valery Invushin & Vladimir V. Osakovsky & Debora Revoltella & Alexander Lehmann & Ewald Nowotny & Cyril Pineau-Val, 2009. "Current Trends in the Russian Financial System," SUERF Studies, SUERF - The European Money and Finance Forum, number 2009/2 edited by Morten Balling, August.

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