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Comparative Oligarchy: Russia, Ukraine and the United States

Author

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  • 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

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    File URL: http://www.case-research.eu/upload/publikacja_plik/4931074_SA%20296last.pdf
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    References listed on IDEAS

    as
    1. Gene M. Grossman (ed.), 1996. "Economic Growth," Books, Edward Elgar Publishing, volume 0, number 553.
    2. Yuri I. Yekhanurov, 2000. "The Progress of Privatization," Eastern European Economics, Taylor & Francis Journals, vol. 38(1), pages 71-93, February.
    3. Boycko, Maxim & Shleifer, Andrei & Vishny, Robert W., 1997. "Privatizing Russia," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262522284, January.
    4. repec:hrv:faseco:33078568 is not listed on IDEAS
    5. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

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    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. 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.
    3. Gorodnichenko, Yuriy & Grygorenko, Yegor, 2008. "Are oligarchs productive? Theory and evidence," Journal of Comparative Economics, Elsevier, vol. 36(1), pages 17-42, March.
    4. 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.

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