Download or read book Without a Map written by Andrei Shleifer and published by Mit Press. This book was released on 2001 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: A balanced look at Russia's attempts to build capitalism on the ruins of Soviet central planning. Recent commentators on Russia's economic reforms have almost uniformly declared them a disappointing and avoidable--failure. In this book, two American scholars take a new and more balanced look at the country's attempts to build capitalism on the ruins of Soviet central planning. They show how and why the Russian reforms achieved remarkable breakthroughs in some areas but came undone in others. Unlike Eastern European countries such as Poland or the Czech Republic, to which it is often compared, Russia is a federal, ethnically diverse, industrial giant with an economy heavily oriented toward raw materials extraction. The political obstacles it faced in designing reforms were incomparably greater. Shleifer and Treisman tell how Russia's leaders, navigating in uncharted economic terrain, managed to find a path around some of these obstacles. In successful episodes, central reformers devised a strategy to win over some key opponents, while dividing and marginalizing others. Such political tactics made possible the rapid privatization of 14,000 state enterprises in 1992-1994 and the defeat of inflation in 1995. But failure to outmaneuver the new oligarchs and regional governors after 1996 undermined reformers' attempts to collect taxes and clean up the bureaucracy that has stifled business growth.Renewing a strain of analysis that runs from Machiavelli to Hirschman, the authors reach conclusions about political strategies that have important implications for other reformers. They draw on their extensive knowledge of the country and recent experience as advisors to Russian policymakers. Written in an accessible style, the book should appeal to economists, political scientists, policymakers, businesspeople, and all those interested in Russian politics or economics.
Download or read book The Piratization of Russia written by Marshall I. Goldman and published by Routledge. This book was released on 2003-04-10 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1991, a small group of Russians emerged from the collapse of the Soviet Union and enjoyed one of the greatest transfers of wealth ever seen, claiming ownership of some of the most valuable petroleum, natural gas and metal deposits in the world. By 1997, five of those individuals were on Forbes Magazine's list of the world's richest billionaires.
Download or read book The Tragedy of Russia s Reforms written by Peter Reddaway and published by US Institute of Peace Press. This book was released on 2001 with total page 772 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the collapse of the Soviet Union in 1991 and the birth of the Russian state, focusing on Yeltsin's disastrous policies, which brought on an economic collapse almost twice as severe as America's Great Depression.
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 Economic Reforms in the Soviet Union and Eastern Europe since the 1960s written by Jan Adam and published by Springer. This book was released on 1989-01-24 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author discusses the traditional system of management of the economy as it existed in the early 1950s in the USSR and goes on to deal with the reforms of the 1960s and of the 1980s, country by country. He shows that the focus of the reforms is on finding a proper combination of planning and the market mechanism, and their success will be judged by their ability to solve acute economic problems.
Download or read book The Struggle to Save the Soviet Economy written by Chris Miller and published by UNC Press Books. This book was released on 2016-10-13 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: For half a century the Soviet economy was inefficient but stable. In the late 1980s, to the surprise of nearly everyone, it suddenly collapsed. Why did this happen? And what role did Soviet leader Mikhail Gorbachev's economic reforms play in the country's dissolution? In this groundbreaking study, Chris Miller shows that Gorbachev and his allies tried to learn from the great success story of transitions from socialism to capitalism, Deng Xiaoping's China. Why, then, were efforts to revitalize Soviet socialism so much less successful than in China? Making use of never-before-studied documents from the Soviet politburo and other archives, Miller argues that the difference between the Soviet Union and China--and the ultimate cause of the Soviet collapse--was not economics but politics. The Soviet government was divided by bitter conflict, and Gorbachev, the ostensible Soviet autocrat, was unable to outmaneuver the interest groups that were threatened by his economic reforms. Miller's analysis settles long-standing debates about the politics and economics of perestroika, transforming our understanding of the causes of the Soviet Union's rapid demise.
Download or read book Russia s Capitalist Revolution written by Anders Åslund and published by Peterson Institute. This book was released on 2007 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Political Logic of Economic Reform in China written by Susan L. Shirk and published by Univ of California Press. This book was released on 2023-04-28 with total page 411 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the past decade, China was able to carry out economic reform without political reform, while the Soviet Union attempted the opposite strategy. How did China succeed at economic market reform without changing communist rule? Susan Shirk shows that Chinese communist political institutions are more flexible and less centralized than their Soviet counterparts were. Shirk pioneers a rational choice institutional approach to analyze policy-making in a non-democratic authoritarian country and to explain the history of Chinese market reforms from 1979 to the present. Drawing on extensive interviews with high-level Chinese officials, she pieces together detailed histories of economic reform policy decisions and shows how the political logic of Chinese communist institutions shaped those decisions. Combining theoretical ambition with the flavor of on-the-ground policy-making in Beijing, this book is a major contribution to the study of reform in China and other communist countries. This title is part of UC Press's Voices Revived program, which commemorates University of California Press's mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1994. In the past decade, China was able to carry out economic reform without political reform, while the Soviet Union attempted the opposite strategy. How did China succeed at economic market reform without changing communist rule? Susan Shirk shows that Chine
Download or read book A Different Country written by Lúcio Vinhas de Souza and published by CEPS. This book was released on 2008 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: Russia is now once again one of the ten largest economies in the world (representing around 70% of Germany's GDP in purchasing power parity in 2007). In addition, Russia is the third largest trading partner of the EU, the fourth largest trade partner of the eurozone and an essential energy supplier to the EU. This recovery makes Russia an economic - and political - actor that cannot be ignored. In this authoritative new book, Lúcio Vinhas de Souza, desk officer for Russia in the Directorate-General for Economic and Financial Affairs of the European Commission, reviews the country's evolving macroeconomic performance and structural policy framework, from the difficult days of the recession in the early transition period and the 1998 crisis to Russia's sustained and robust growth since 1999. He outlines the remaining reform priorities in Russia and concludes with pragmatic policy recommendations for the reform agenda.
Download or read book Kapitalizm written by Rose Brady and published by Yale University Press. This book was released on 1999-01-01 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rose Brady, former Moscow bureau chief for Business Week magazine, here provides a compelling firsthand account of Russia's transition from a socialist state to a market economy. Taking us into the factories, stores, banks, markets, homes, schools, and corridors of power in Russia, she explains how the country's own brand of capitalism has evolved.
Download or read book The Oxford Handbook of the Russian Economy written by Michael Alexeev and published by Oxford University Press. This book was released on 2013-07-18 with total page 864 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook is the most comprehensive up-to-date study of the Russian economy available. Russian and western authors analyze the current economic situation, trace the impact of Soviet legacies and of post-Soviet transition policies, examine the main social challenges, and propose directions for reforms.
Download or read book Russia After The Global Economic Crisis written by and published by Peterson Institute. This book was released on 2010 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Russian Economic Reform written by James Leitzel and published by Routledge. This book was released on 2005-06-22 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transitions from socialism to capitalism are complex, both in theory and practice. Russian Economic Reform enables the reader to come to a much better understanding of these momentous changes, by providing a clear and accessible account of the major features of transition. It argues that attempts to portray the reform process is a disaster are misconceived, because they fail to take account of just how badly the pre-reform economy was doing. Many of the problems that are emerging now have their antecedents in the earlier economic system.
Download or read book Russian Economic Reform written by James Leitzel and published by Psychology Press. This book was released on 1995 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focuses on the actual pre-reform conditions including the widerspread private, informal economic activity.
Download or read book How China Escaped Shock Therapy written by Isabella M. Weber and published by Routledge. This book was released on 2021-05-26 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: China has become deeply integrated into the world economy. Yet, gradual marketization has facilitated the country’s rise without leading to its wholesale assimilation to global neoliberalism. This book uncovers the fierce contest about economic reforms that shaped China’s path. In the first post-Mao decade, China’s reformers were sharply divided. They agreed that China had to reform its economic system and move toward more marketization—but struggled over how to go about it. Should China destroy the core of the socialist system through shock therapy, or should it use the institutions of the planned economy as market creators? With hindsight, the historical record proves the high stakes behind the question: China embarked on an economic expansion commonly described as unprecedented in scope and pace, whereas Russia’s economy collapsed under shock therapy. Based on extensive research, including interviews with key Chinese and international participants and World Bank officials as well as insights gleaned from unpublished documents, the book charts the debate that ultimately enabled China to follow a path to gradual reindustrialization. Beyond shedding light on the crossroads of the 1980s, it reveals the intellectual foundations of state-market relations in reform-era China through a longue durée lens. Overall, the book delivers an original perspective on China’s economic model and its continuing contestations from within and from without.
Download or read book The Logic of Economic Reform in Russia written by Jerry F. Hough and published by Rowman & Littlefield. This book was released on 2004-06-23 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the failure of economic reform in Russia since 1991, when Boris Yeltsin proclaimed his commitment to economic stabilization, privatization, and price liberalization. Optimism over Russia¡¯s market reforms vanished with the crash of August 1998, when the ruble lost over 70 percent of its value and banks defaulted on their debts and forward currency contracts. Contrary to Yeltsin¡¯s reform promises, the Russian economy of the 1990s more closely resembled a Soviet model than a market-driven one. The Logic of Economic Reform in Russia illuminates the general problems of establishing market economies in settings where the institutional system to support the market has not had decades to develop. Suggesting that corruption may be associated with growth in the early stages of capitalism, Jerry F. Hough argues that the disappointing results of Yeltsin¡¯s reform efforts were not the product of Russian culture or history, but the logical consequences of rational men responding to the incentive system created by economic reform.
Download or read book Modernisation in Russia since 1900 written by Markku Kangaspuro and published by Suomalaisen Kirjallisuuden Seura. This book was released on 2006-12-27 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modernisation has been a constant theme in Russian history at least since Peter the Great launched a series of initiatives aimed at closing the economic, technical and cultural gap between Russia and the more ‘advanced’ countries of Europe. All of the leaders of the Soviet Union and post-Soviet Russia have been intensely aware of this gap, and have pursued a number of strategies, some more successful than others, in order to modernise the country. But it would be wrong to view modernisation as a unilinear process which was the exclusive preserve of the state. Modernisation has had profound effects on Russian society, and the attitudes of different social groups have been crucial to the success and failure of modernisation. This volume examines the broad theme of modernisation in late imperial, Soviet, and post-Soviet Russia both through general overviews of particular topics, and specific case studies of modernisation projects and their impact. Modernisation is seen not just as an economic policy, but as a cultural and social phenomenon reflected through such diverse themes as ideology, welfare, education, gender relations, transport, political reform, and the Internet. The result is the most up to date and comprehensive survey of modernisation in Russia available, which highlights both one of the perennial problems and the challenges and prospects for contemporary Russia.
