Markets and democracy in Russia
The paper looks into convergence of Russian institutions with those of other democratic, free-market-oriented states, and considers definitions of "normalcy" that incorporate the concepts of free market, democracy, and government efficiency. The author provides an estimate of Russia’s institutional convergence to the standards of the G7 and the “Big Five” group of large, middle-income countries that includes Brazil, China, and India. In some areas Russia outperforms "Big Five" countries, in others it trails behind. Finally, public mistrust, corruption, and inefficient governance in Russia are discussed in light of the Putin administration’s current reform policies.
|Date of creation:||30 Dec 2005|
|Date of revision:|
|Contact details of provider:|| Postal: Bank of Finland, BOFIT, P.O. Box 160, FI-00101 Helsinki, Finland|
Phone: + 358 10 831 2268
Fax: + 358 10 831 2294
Web page: http://www.suomenpankki.fi/bofit_en/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:hhs:bofitp:2005_016. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Päivi Määttä)
If references are entirely missing, you can add them using this form.