IDEAS home Printed from https://ideas.repec.org/p/sec/cnstan/0296.html

Comparative Oligarchy: Russia, Ukraine and the United States

Author

Listed:
  • 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.

Suggested Citation

  • Anders Aslund, 2005. "Comparative Oligarchy: Russia, Ukraine and the United States," CASE Network Studies and Analyses 0296, CASE-Center for Social and Economic Research.
    • Handle: RePEc:sec:cnstan:0296
    as

    Download full text from publisher

    File URL: https://case-research.eu/upload/publikacja_plik/4931074_SA%20296last.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Gene M. Grossman (ed.), 1996. "Economic Growth," Books, Edward Elgar Publishing, volume 0, number 553.
    2. 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.
    3. Yuri I. Yekhanurov, 2000. "The Progress of Privatization," Eastern European Economics, Taylor & Francis Journals, vol. 38(1), pages 71-93, February.
    4. Mau, Vladimir & Starodubrovskaia, Irina, 2001. "The Challenge of Revolution: Contemporary Russia in Historical Perspective," OUP Catalogue, Oxford University Press, number 9780199241507.
    5. Boycko, Maxim & Shleifer, Andrei & Vishny, Robert W., 1997. "Privatizing Russia," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262522284, December.
    6. repec:wbk:wbpubs:13890 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. 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.
    2. repec:acf:journl:y::id:700 is not listed on IDEAS
    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. Gorodnichenko, Yuriy & Grygorenko, Yegor, 2008. "Are oligarchs productive? Theory and evidence," Journal of Comparative Economics, Elsevier, vol. 36(1), pages 17-42, March.
    5. VASYECHKO Olga, 2021. "A Triad of Driving Forces Behind FDI Patterns," European Journal of Interdisciplinary Studies, Bucharest Economic Academy, issue 01, March.
    6. 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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Castañeda Dower, Paul & Markevich, Andrei, 2014. "A history of resistance to privatization in Russia," Journal of Comparative Economics, Elsevier, vol. 42(4), pages 855-873.
    2. Serguey Braguinsky & Roger Myerson, 2007. "A macroeconomic model of Russian transition," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 15(1), pages 77-107, January.
    3. 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.
    4. Serguey Braguinsky, 2009. "Postcommunist Oligarchs in Russia: Quantitative Analysis," Journal of Law and Economics, University of Chicago Press, vol. 52(2), pages 307-349, May.
    5. Natkhov, T. & Polishchuk, L., 2017. "Political Economy of Institutions and Development: The Importance of Being Inclusive. Reflection on "Why Nations Fail" by D. Acemoglu and J. Robinson. Part II. Institutional Change and Implications for Russia," Journal of the New Economic Association, New Economic Association, vol. 35(3), pages 12-32.
    6. Gabriel Di Bella & Oksana Dynnikova & Mr. Slavi T Slavov, 2019. "The Russian State’s Size and its Footprint: Have They Increased?," IMF Working Papers 2019/053, International Monetary Fund.
    7. Lei Zhang & David Levinson, 2006. "Economics of Road Network Ownership," Working Papers 200908, University of Minnesota: Nexus Research Group.
    8. J. David Brown & John S. Earle, 2002. "Job Reallocation and Productivity Growth under Alternative Economic Systems and Policies: Evidence from the Soviet Transition," CERT Discussion Papers 0208, Centre for Economic Reform and Transformation, Heriot Watt University.
    9. John McMillan, 2003. "Market Design: The Policy Uses of Theory," American Economic Review, American Economic Association, vol. 93(2), pages 139-144, May.
    10. Jean–Luc Arregle & Bat Batjargal & Michael A. Hitt & Justin W. Webb & Toyah Miller & Anne S. Tsui, 2015. "Family Ties in Entrepreneurs’ Social Networks and New Venture Growth," Entrepreneurship Theory and Practice, , vol. 39(2), pages 313-344, March.
    11. Lu, Susan Feng & Dranove, David, 2013. "Profiting from gaizhi: Management buyouts during China’s privatization," Journal of Comparative Economics, Elsevier, vol. 41(2), pages 634-650.
    12. repec:wvu:wpaper:06-03 is not listed on IDEAS
    13. Buccirossi, Paolo & Spagnolo, Giancarlo, 2006. "Leniency policies and illegal transactions," Journal of Public Economics, Elsevier, vol. 90(6-7), pages 1281-1297, August.
    14. Roy Thurik & Sander Wennekers & Ingrid Verheul & David Audretsch, 2001. "An eclectic theory of entrepreneurship: policies, institutions and culture," Scales Research Reports H200012, EIM Business and Policy Research.
    15. Iyigun, Murat & Walsh, Randall P., 2007. "Endogenous gender power, household labor supply and the demographic transition," Journal of Development Economics, Elsevier, vol. 82(1), pages 138-155, January.
    16. Philip Amis & Ursula Grant, 2001. "Urban economic growth, civic engagement and poverty reduction," Journal of International Development, John Wiley & Sons, Ltd., vol. 13(7), pages 997-1002.
    17. Päivi Karhunen & Svetlana Ledyaeva, 2021. "Is Chain Affiliation a Strategic Asset or Constraint in Emerging Economies? Competitive Strategies and Performance in the Russian Hotel Industry," Management International Review, Springer, vol. 61(3), pages 403-427, June.
    18. Walter H. Fisher, 2005. "Current Account Dynamics in a Small Open‐Economy Model of Status Seeking," Review of International Economics, Wiley Blackwell, vol. 13(2), pages 262-282, May.
    19. Zak, Paul J. & Feng, Yi & Kugler, Jacek, 2002. "Immigration, fertility, and growth," Journal of Economic Dynamics and Control, Elsevier, vol. 26(4), pages 547-576, April.
    20. Jac C Heckelman & Benjamin Powell, 2010. "Corruption and the Institutional Environment for Growth," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 52(3), pages 351-378, September.
    21. Ciprian Stan & Mike Peng & Garry Bruton, 2014. "Slack and the performance of state-owned enterprises," Asia Pacific Journal of Management, Springer, vol. 31(2), pages 473-495, June.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sec:cnstan:0296. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marta Kowerko (email available below). General contact details of provider: https://edirc.repec.org/data/caseepl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.