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Comparative Oligarchy: Russia, Ukraine and the United States

  • Anders Aslund

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.

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Paper provided by CASE-Center for Social and Economic Research in its series CASE Network Studies and Analyses with number 0296.

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Length: 17 Pages
Date of creation: 2005
Date of revision:
Handle: RePEc:sec:cnstan:0296
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  1. Boycko, Maxim & Shleifer, Andrei & Vishny, Robert W., 1997. "Privatizing Russia," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262522284, June.
  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, M.E. Sharpe, Inc., vol. 38(1), pages 71-93, February.
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