Russian Economic Reforms as Perceived by Western Critics
It has recently become customary to argue that Russian economic transformation since 1991 has failed because of bad policy advice and mistaken policy choices. Though Russia’s performance leaves much to be desired, such criticisms are based on a failure to analyse the real choices available to reformers in the post-perestroika period. The paper, criticising in particular the views presented by Jospeh Stiglitz, shows that the Chinese reform path was not available to Russia, that mass privatisation was influenced more by political necessity than theoretical choice, and also discusses the relation between doctrine and necessity in policy making more generally. The final section of the paper characterises Russia as a case of weak state, and identifies several of the consequences arising.
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- E. Gaidar, 1997. ""Infant Illnesses" of Post-Socialism (On the Nature of Budget Crises during the Period of Financial Stabilization)," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 4.
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- A. Illarionov, 1998. "The Secret of the Economic Miracle in China," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 4.
- Alexander Radygin, 2013. "PRIVATISATION IN RUSSIA: Hard Choice, First Results, New Targets," Published Papers 174, Gaidar Institute for Economic Policy, revised 2013.
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