Download or read book Does Russia Overcome the Processes of Capital Flight Economy written by Viacheslav A. Andreev and published by . This book was released on 2020 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of study is to assess an impact of the capital flight on the Russian economy and to identify the factors, which stipulate returning the capital to the Russian Federation. Analysis shows, in 2019 the share of public external debt denominated in the national currency was continuing to increase. External debt of the private sector has changed slightly, that is probably due to a pressure of sanctions against Russian companies, which impose a restriction of access to affordable sources of capital. Presumably that if the sanctions' pressure continues, this may stipulate a precondition for repatriation of capital. Made a prognosis that by 2025, capital flows from the offshore zone in Cyprus may reach 165.55 billion USD. Therefore, it might assist Russia's attempts to overcome the ongoing process of “flight of capital” and turning it to an economic model based on effect of “capital repatriation”. However, in the current situation, when evidently there is a stagnation in the economy, along the risks, it is quite difficult to find appropriate sectors for large-scale investments. Low consuming due to the low personal incomes remains a constraint factor. Therefore, we should not expect a mass influx of investments from the foreign off-shores. Moreover, there is a redistribution of the Russian capital among other off-shores, so a huge outflow from the Cyprus offshore will not have a serious impact on the Russian economy and financial market in a long-term view.
Download or read book Russian Capital Flight Economic Reforms and U S Interests written by and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Russian capital flight is a longstanding problem with very negative consequences for the Russian economy. Authoritative studies estimate Russian capital flight to have totaled $150 billion from 1992-1999. Recent reports of Russian money laundering and other financial scandals involving the Russian Central Bank, the Bank of New York, other commercial banks, and even former President Yeltsin's household involve forms of capital flight and have drawn greater attention to the problem. They have been the subjects of recent Congressional hearings and have focused the attention of Members of Congress and others on U.S. interests in Russia. Some legislation has been proposed as a result of concern over the these scandals and Russian capital flight. Capital flight deprives the Russian economy of critical financial resources that could be used for investment, tax revenues, restructuring pensions, and other social security programs. More importantly, capital flight indicates a lack of confidence by Russian and foreign investors and residents in the Russian ruble, in the Russian financial system, and more generally in the Russian economy itself. Capital flight is a sign that Russia's transition to a market economy continues to be incomplete. An analysis of the rationale for Russian capital flight suggests that to reverse capital flight the Russian economy will have to provide an environment that motivates asset- holders to keep their wealth in rubles and repatriate assets that they have sent abroad. To do so, the Russian policymakers will have to take significant steps to establish and maintain macroeconomic stability and to complete the partial economic restructuring. Post-Cold War U.S. policy has reflected a number of national security, foreign policy, and economic interests. U.S. policy has aimed to decrease the Russia military threat and at the same time encourage the development of democracy in Russia. In the economic sphere, U.S. policy has focused on establishing economic stability and on developing the institutions required for a market economy. The United States also views Russia has a burgeoning trade partner and source of investment opportunities. It can be argued that without a sound economy, Russia will find it difficult to achieve political stability, which in turn might increase the national security threat posed by Russia. Continuing capital flight is an indicator that Russia has yet to realize a functioning market economy. In the near term, U.S. economic policy on Russia is likely to focus on the issue of whether to delay or move forward with pending IMF assistance. However, whether Russia undertakes complete economic reform will be determined by Russia alone. A key question in U.S. policy is whether it can persuade Russian policymakers to procede with economic reform.
Download or read book The Economics of Growth in Russia written by Ararat L. Osipian and published by Taylor & Francis. This book was released on 2023-05-17 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents theoretical and empirical investigation of economic growth in Russia. The sharp decline in the national production that Russia endured in the 1990s, linked directly to the exhausting and ill-planned transition from the planned economy to the market economy, resulted in Russia plunging into the poverty trap. The goal of this book is to determine whether and how Russia manages to overcome the poverty trap and initiate and sustain economic growth. This book fills the gap between the volatile economic growth as an objective economic reality of Russia and the lack of scholarly literature on the issue. This study identifies the place and role of foreign aid in economic growth in the market-type post-transitional Russian economy and concludes that foreign aid does not play any significant role in the national economy, contrary to what would follow from the classical poverty trap theory, considered, reviewed, applied and tested in this study. Development economists should not overestimate the role of foreign aid in overcoming the poverty trap in those developing economic systems that are currently not in equilibrium and only move toward their steady state. The book will be of interest to those who want to learn more about specific problems in Russia’s newly built capitalism, the country’s perspectives and its current semi-peripheral status. The book will also be an excellent supplement for students in Russian studies programs, as well as for investors who want to do business in Russia and try to understand the country’s domestic economic conditions and processes.
Download or read book Resources Production and Structural Dynamics written by Mauro L. Baranzini and published by Cambridge University Press. This book was released on 2015-04-30 with total page 521 pages. Available in PDF, EPUB and Kindle. Book excerpt: New approach to the economic theory of resources, showing the positive role that scarcities can play in triggering economic growth.
Download or read book Challenges for Russian Economic Reform written by Alan Smith and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: The transition to a market economy proves to be far more difficult in Russia than in the former centrally planned economies of eastern Europe. The Russian economy continues to face serious problems, including substantial inflationary pressures, falling output, and capital flight. The most positive aspect of the transition has been the relatively fast pace of privatization. Challenges for Russian Economic Reform contains papers published by the post-Soviet Business Forum at the Royal Institute of International Affairs that have been revised for this volume. The contributers, specalists in Russian economic affairs, examine the principal economic and institutional factors that have hindered transformation in Russia. The sheer size of the country has complicated the problem of exposing domestic producers to foreign competition and has weakened the ability of central authorities to control the regions. Economic stabilization has been hampered by the difficulties in establishing sound economic relations with the former Soviet republics. David Dyker and Michael Barrow analyze the problems of monopoly and competition policy in Russia. Philip Hanson assesses the obstacles to economic stabilization posed by regional economic interests and examines regional diversity in reform implementation. Michael Kaser examines the problems of privatization by regions and sectors in Russia and the CIS and the institutional obstacles encountered by foreign investors. Alan Smith explores the problems created by the breakup of traditional trade and payment relations with the non-Russian republics of the former Soviet Union and bilateral trade links with Eastern Europe. He also provides an overall assessment of Russian economic performance since the collapse of communism.
Download or read book The Putin System written by Grigory Yavlinsky and published by Columbia University Press. This book was released on 2019-02-19 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: A quarter century after the fall of the Soviet Union, Russia once again looms large over world affairs, from Ukraine to Syria to the 2016 U.S. election. Yet how power works in present-day Russia—how Vladimir Putin came to power and maintains his rule—remains opaque and often misunderstood. In The Putin System, Russian economist and opposition leader Grigory Yavlinsky explains his country’s politics from a unique perspective, voicing a Russian liberal critique of the post-Soviet system that is vital for the West to hear. Combining the firsthand experience of a practicing politician with academic expertise, Yavlinsky gives unparalleled insights into the sources of Putin’s power and what might be next. He argues that Russia’s dysfunction is neither the outcome of one man’s iron-fisted rule nor a deviation from the supposedly natural development of Western-style political institutions. Instead, Russia’s peripheral position in the global economy has fundamentally shaped the regime’s domestic and foreign policy, nourishing authoritarianism while undermining its opponents. The quasi-market reforms of the 1990s, the bureaucracy’s self-perpetuating grip on power, and the Russian elite’s frustration with its secondary status have all combined to enable personalized authoritarian rule and corruption. Ultimately, Putin is as much a product of the system as its creator. In a time of sensationalism and fear, The Putin System is essential reading for anyone seeking to understand how power is wielded in Russia.
Download or read book Russia s Virtual Economy written by Clifford G. Gaddy and published by Brookings Institution Press. This book was released on 2002 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Clifford Gaddy's and Barry Ickes' thesis-- that Russia's economy is based on illusion or pretense about nearly every important economic yardstick, including prices, sales, wages and budgets-- has forced broad recognition of the inadequacies of the intended market reform policies in Russia and provided a coherent framework for understanding how and why so much of Russia's economy has resisted reform.
Download or read book The Political Economy of Post Soviet Russia written by V. Tikhomirov and published by Springer. This book was released on 2000-05-15 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with general political and economic developments that took place in Russia since the collapse of the Soviet Union. The major aim of the book is to analyse successes and failures of Russian reform attempts, as well as their effect on the development of Russian regions, particularly from the point of view of interrelation between socio-economic tendencies and political developments. Analysis concentrates on both national dynamics and dynamics of development in three main groups of regions (mining, agricultural and manufacturing).
Download or read book Privatizing Russia written by Maxim Boycko and published by MIT Press. This book was released on 1997-01-22 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: Privatizing Russia offers an inside look at one of the most remarkable reforms in recent history. Having started on the back burner of Russian politics in the fall of 1991, mass privatization was completed on July 1, 1994, with two thirds of the Russian industry privately owned, a rapidly rising stock market, and 40 million Russians owning company shares. The authors, all key participants in the reform effort, describe the events and the ideas driving privatization. They argue that successful reformers must recognize privatization as a process of depoliticizing firms in the face of massive opposition: making the firm responsive to market rather than political influences. The authors first review the economic theory of property rights, identifying the political influence on firms as the fundamental failure of property rights under socialism. They detail the process of coalition building and compromise that ultmately shaped privatization. The main elements of the Russian program -- corporatization, voucher use, and voucher auctions -- are described, as is the responsiveness of privatized firms to outside investors. Finally, the market values of privatized assets are assessed for indications of how much progress the country has made toward reforming its economy. In many respects, privatization has been a great success. Market concepts of property ownership and corporate management are shaking up Russian firms at a breathtaking pace, creating powerful economic and political stimuli for continuation of market reforms. At the same time, the authors caution, the political landscape remains treacherous as old-line politicians reluctantly cede their property rights and authority over firms.
Download or read book Overcoming Conflict written by Florian Helfer and published by Springer Nature. This book was released on 2023-05-31 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: Peacebuilding and reconciliation between groups and entire nations that share a violent past are among the toughest, yet most important, challenges for modern societies. Opposing perspectives, disagreements about the interpretation of historical events or even entirely different narratives too often impede processes of rapprochement. How can teaching history contribute to overcoming the demarcation lines of such narratives and resolving historical conflicts that are passed on from generation to generation or renewed, amplified and exploited for present political purposes? This volume comprises twelve case studies—from Central and Eastern Europe to South Africa, from the Middle East to East Asia—exploring stories about successes and failures in the never-ending struggle for peaceful coexistence. All of them ultimately reflect the fundamental question of our discipline: Can we learn from history?
Download or read book Assessing Russia s Decline written by Olga Oliker and published by Rand Corporation. This book was released on 2002-11-26 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: What challenges does today's Russia pose for the United States and the U.S. Air Force? If certain economic, military, social, and political negative trends in Russia continue, they may create a new set of dangers that might prove more real, and therefore more frightening, than the far-off specter of Russian attack ever was. In a number of scenarios, the U.S. Air Force is certain to be called upon for transportation and perhaps for various military missions in a very demanding environment.
Download or read book Russia s Response to Sanctions written by Richard Connolly and published by Cambridge University Press. This book was released on 2018-07-05 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first in-depth scholarly analysis of the effects of Western sanctions, and Russia's response on the Russian economy.
Download or read book Global Waves of Debt written by M. Ayhan Kose and published by World Bank Publications. This book was released on 2021-03-03 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
Download or read book Case by case Privatization in the Russian Federation written by Harry G. Broadman and published by World Bank Publications. This book was released on 1998 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the advent of reform in 1992, the Russian authorities have made substantial strides toward creating a market economy through privatization. Recently, Russian authorities have established an institutional framework for a 'case-by-case' approach that ensures transparency and competition through the use of independent financial and other advisers. This paper contains the principal presentations made at a World Bank workshop on the lessons of international experience in case-by-case privatization.
Download or read book Real and Financial Economic Dynamics in Russia and Eastern Europe written by Timothy Lane and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Russia and many other transition countries are now facing the challenges of opening up, restructuring, and modernizing their economies, which requires addressing numerous institutional weaknesses and supply-side distortions. From a regional perspective, drawing on the experience of other reforming countries, the papers examine these issues. Aspects addressed include the implications of trade and capital flows, the process of labor market reform, financial market development, productivitiy growth, and innovation dynamics. The dynamics of the reform process are also studied in the context of new political economy models.
Download or read book Russian Economic Turmoil written by United States. Congress. House. Committee on Banking and Financial Services and published by . This book was released on 2000 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Russia s Transition written by Alexander Kura and published by Nova Publishers. This book was released on 2001 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses and dissects the strategies of international institutions and donors to assist it in its economic and political transition to a market economy. Considerable detail is provided on the activities of the International Monetary Fund (IMF), the European Bank for Reconstruction, the World Bank, and the European Union in Russia. The book is based on a GAO Report that has been excerpted and augmented by explanatory commentary. A full subject index is provided.
