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Russian Economic Reforms as Perceived by Western Critics


  • Vladimir Mau

    (Gaidar Institute for Economic Policy)


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.

Suggested Citation

  • Vladimir Mau, 1999. "Russian Economic Reforms as Perceived by Western Critics," Published Papers 112, Gaidar Institute for Economic Policy, revised 2012.
  • Handle: RePEc:gai:ppaper:112

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    References listed on IDEAS

    1. Солнцев О. Г. & Хромов М. Ю. & Волков Р. Г., 2009. "Институты Развития: Анализ И Оценка Мирового Опыта," Studies on Russian Economic Development Проблемы прогнозирования, CyberLeninka;Федеральное государственное бюджетное учреждение науки Институт народнохозяйственного прогнозирования Российской академии наук, issue 2, pages 3-29.
    2. Gál, Zoltán & Ptáček, Pavel, 2010. "The role of mid-range universities in knowledge transfer: the case of non-metropolitan regions in Central and Eastern Europe (examples from Hungary and the Czech Republic)," MPRA Paper 28358, University Library of Munich, Germany, revised 18 Jan 2011.
    3. Daniele Calabrese, 2008. "Strategic Communication for Privatization, Public-Private Partnerships, and Private Participation in Infrastructure Projects," World Bank Publications, The World Bank, number 6522, June.
    4. Пайсон Д. Б., 2009. "Государственно-Частное Партнерство Как Институт Развития В Области Космической Деятельности," Вопросы государственного и муниципального управления // Public administration issues, НИУ ВШЭ, issue 3, pages 17-34.
    5. Spielman, David J. & von Grebmer, Klaus, 2004. "Public-private partnerships in agricultural research: an analysis of challenges facing industry and the Consultative Group on International Agricultural Research," EPTD discussion papers 113, International Food Policy Research Institute (IFPRI).
    6. Richard Hemming & Gerd Schwartz & Bernardin Akitoby, 2007. "Public Investment and Public-Private Partnerships," IMF Economic Issues 40, International Monetary Fund.
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    Cited by:

    1. Laurila, Juhani & Singh, Rupinder, 2000. "Sequential reform strategy : The case of Azerbaijan," BOFIT Discussion Papers 8/2000, Bank of Finland, Institute for Economies in Transition.

    More about this item


    Russian economy; global crisis; economic crisis;

    JEL classification:

    • P20 - Economic Systems - - Socialist Systems and Transition Economies - - - General
    • P21 - Economic Systems - - Socialist Systems and Transition Economies - - - Planning, Coordination, and Reform
    • P26 - Economic Systems - - Socialist Systems and Transition Economies - - - Political Economy
    • P27 - Economic Systems - - Socialist Systems and Transition Economies - - - Performance and Prospects


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