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 No Precedent No Plan written by Martin G. Gilman and published by MIT Press. This book was released on 2010 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: Review: "In 1998, President Boris Yeltsin's government defaulted on its domestic debt and Russia experienced a financial meltdown that brought it to the brink of disaster. In No Precedent, No plan, Martin Gilman offers an insider's view of Russia's financial crisis. As the International Monetary Fund's senior person in Moscow, Gilman was in the eye of the storm. Russia's policy response to the economic collapse stemming from the disintegration of the Soviet Union was chaotic. Fiscal deficits loomed in anticipation of future budget revenue that never seemed to materialize--despite repeated promises to the IMF. The rapid buildup of sovereign debt would have challenged even a competent government. In the new Russia, with its barely functioning government and no consensus on the path toward democratic and economic transformation, domestic politics trumped economic common sense." "Gilman argues that the debt default, although avoidable, actually spurred Russia to integrate its economy with the rest of the world. In analyzing the ordeal of the 1998 crisis, Gilman suggests that the IMF helped Russia avoid an even greater catastrophe. He details the IMF's involvement and underscores the unique challenge that Russia presented to the IMF. There really was no precedent, even if economist Joseph Stiglitz and others argued otherwise. In recounting Russia's emergence from the IMF's tutelage, Gilman explains how the shell-shocked Russian public turned to Vladimir Putin in search of stability after the trauma of 1998. And although Russia's own prospects are favorable, Gilman expresses concern that the 1998 Russian default could serve as an unfortunate precedent for sovereign defaults in the future with the IMF once again playing a similar role." "No Precedent, No Plan offers a definitive account--the first from an insider's perspective--of Russia's painful transition to a market economy."--BOOK JACKET

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 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 Economic Security Neglected Dimension of National Security written by National Defense University (U S ) and published by Government Printing Office. This book was released on 2011-12-27 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: On August 24-25, 2010, the National Defense University held a conference titled “Economic Security: Neglected Dimension of National Security?” to explore the economic element of national power. This special collection of selected papers from the conference represents the view of several keynote speakers and participants in six panel discussions. It explores the complexity surrounding this subject and examines the major elements that, interacting as a system, define the economic component of national security.

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 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 Restoring Fiscal Sanity written by Alice M. Rivlin and published by Rowman & Littlefield. This book was released on 2004-03-29 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States is standing at a critical juncture in its fiscal outlook. After experiencing a brief period of budget surpluses at the turn of the century, the federal government will run deficits that add about $4 trillion to the national debt over the next decade. Substantial deficits will likely continue long into the future because the looming retirement of the baby boom generation will raise spending in Social Security, Medicare, and Medicaid. At the same time, the federal government appears to be neglecting spending in key areas of social and economic policy. The nation thus faces a vital choice: continue down a path toward future fiscal crisis while under investing in critical areas, or increase resources in high-priority areas while also reducing the overall budget deficit. This choice will materially affect Americans' economic status and security in the immediate future as well as over long horizons. In R estoring Fiscal Sanity, a group of Brookings scholars with high-level government experience provide an overview of the country's likely medium- and long-term spending needs and the resources available to pay for them. They propose three alternative fiscal paths that are more responsible than the current path. One plan emphasizes spending cuts, the second emphasizes revenue increases, and a third is a balanced mix between the two. The contributors address the policy choices in such areas as defense, homeland security, international assistance, and programs targeted to the less advantaged, the elderly, and other domestic priorities. In the process, they provide an understanding of the short- and long-run trade offs and illustrate how the budget can be reshaped to achieve high priority objectives in a fiscally responsible way.

Download or read book Institutional Trap written by Quy-Toan Do and published by World Bank Publications. This book was released on 2004 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: The author studies the persistence of inequality and inefficient governance in a physical capital accumulation model with perfect information, missing credit markets, and endogenous barriers to entry. When access to investment opportunities is regulated, rent-seeking entrepreneurs form coalitions of potentially varying size to bribe a regulator to restrict entry. Small coalitions run short of resources, while large coalitions suffer more severe free-rider problems. The distribution of wealth thus determines the equilibrium coalition structure of the economy and consequently the level of regulatory capture. A dynamic analysis supports the persistence of inefficiencies in the long run. Initial conditions determine whether the economy converges to a steady state characterized by efficient governance and low levels of inequality, or a path toward an institutional trap where regulatory capture and wealth inequality reinforce each other. This paper"a product of the Poverty Team, Development Research Group"is part of a larger effort in the group to understand the determinants of institutions.

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 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 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 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.