Download or read book Privatization Conversion And Enterprise Reform In Russia written by Michael Mcfaul and published by Routledge. This book was released on 2019-09-05 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides an evaluation of initial efforts to convert post-Soviet Russian industry from that of a highly-centralized, military-oriented economy to that of a civilian economy with a stronger base in private enterprise. The authors address crucial issues of the embattled economic transformation at the level of particular enterprises and geographic regions as well as in the contexts of state policy, finance and planning. Their analyses offer readers an understanding of the various obstacles that impede post-Soviet economic restructuring and point to ways in which they may be overcome.
Download or read book Privatization Conversion and Enterprise Reform in Russia written by Michael McFaul and published by . This book was released on 1994 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Privatization in Russia written by Dmitri Ouvarovskii and published by GRIN Verlag. This book was released on 2007-06-16 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2007 in the subject Politics - Region: Russia, grade: A, York University, language: English, abstract: Fragmentation of state authority, lack of a clear legislative base, unreliability of the legal system, collapse of the industry, bisection of the GDP, runaway inflation, capital flight, rises in crime and corruption, tremendous decline in life expectancy: the political, economic and social results of Russia’s transition from plan to market under Yeltsin are devastating. Within a few years the “mighty” Soviet Union fell back from a major power to a third world economy, dealing with problems like mass poverty and epidemics. In light of these disastrous outcomes the question of what “went right” during the transition process seems to be even more appropriate then the question of what “went wrong”. However, while it seems to be obvious that the stabilization and liberalization attempts by the Russian government predominantly failed, privatization, the third core facet of transition1 , “has been touted as a one of the major successes of the Russian government’s economic transformation policy. By the beginning of 1996 77.2% of medium-size and large enterprises had been privatised, accounting for 88.3% of total industrial output.”2 On the one hand, according to the Russian government’s Western advisers this privatization is the fastest in human history and “seems to be one of the few positive fruit of Russian economic policy since 1991”3. On the other hand, a common point of view is that its implementation led to an unfair distribution of state assets and only benefited a minority of Russian population. This debate is going to be the main focus of this paper. By discussing the general importance of the private sector to a democracy, the aims of privatization, its subsequent reforms, and its results, I intend to assess the contribution of these reforms to the process of Russian democratization.
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 Transforming Russian Enterprises written by John Logue and published by Praeger. This book was released on 1995-10-24 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Russia is moving dramatically ahead in reforming its economy and its firms. This joint Russian and American work focuses on the key issue in the Russian economic reform process—how to convert state-owned firms into successful private companies capable of competing in a market economy. Unique case studies of Russian enterprises, their legal and internal structure, management philosophy, and economic performance, provide insightful analyses of the ongoing Russian experience with economic reform. Recent Russian legislation and its implications for privatization are also discussed.
Download or read book Russia written by Ira W. Lieberman and published by World Bank Publications. This book was released on 1995 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book contains a collection of papers prepared at a World Bank conference held in June 1994 on privatization and private sector development in Russia. It reviews the privatization achievements of Russian reformers over the past three years, discusses emerging second-tier privatization and post-privatization issues, and summarizes the key themes in the papers presented at the conference. Between November 1991 and June 1994: 1) between 12,000 and 14,000 medium-size and large enterprises had been transferred to private ownership; 2) this set of firms employed more than fourteen million people, or about half of those employed in Russia's industrial sector; 3) about forty million Russian citizens owned shares in privatized firms or investment funds. Although the Russian privatization program has achieved impressive results, the transfer of ownership (mainly to insiders) is only a first step. This must be followed by equally essential second steps to facilitate ownership of privatized firms to external, core investors who will bring in much needed capital, managerial know-how, and access to global markets." -- Website.
Download or read book Privatization written by Joseph Prokopenko and published by . This book was released on 1998 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Privatization in the Russian Federation written by Alexander Radygin and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this paper is providing an overview of the privatization process in the Russian Federation. The first section focuses on the experience with management and employee-buyouts in the Russian Federation, the second part explores two sides of the privatization process: the mass privatization and the voucher system.
Download or read book Conversion of Military Enterprises written by W.G. Puppe and published by Springer. This book was released on 1996-11-30 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dear Reader, Before you begin to study this book please be aware of the complexity of the "Conversion of Military Enterprises in Russia", The question of conversion is not only a change of the market and products it is in the former socialist and now "on the way of privatisation" -countries a complete reorganisation of the social structure and companies. In the past a performance of the Russian armaments' industry was a continual source of surprise to experts. It was obvious that apart from civilian industry there must be areas where important technological expertise had been created and built up. Since 5 years, conversion of military enterprise has been the principal topic of numerous conferences and studies. State institutions and international organisations can promote and accelerate the exchange of information and the restructuring process. However, the success of this process ultimately depends on how the economy will accept this change and how far market economy forces-can develop it. The NATO Advanced Research Workshop "Conversion of Military Enterprises in Russia- A Practical Approach of Industry and Science" was an excellent possibility for all participants from NATO-countries and from Russia, Ukraine and Belarus to discuss experiences and results after 5 years of reform period, All participating scientists noticed this aspect was proud to participate in this NATO event.
Download or read book The Selling of the Soviet Empire written by Alfred Kokh and published by SP Books. This book was released on 1998 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Never before has there been an attempt to transform a massive state-owned economy into a dynamic free market system. The story of the conversion of the dinosaur Marxist Soviet state into the free-wheeling capitalist society of today's Russian Federation is one of the most compelling dramas in history. This tale includes violence, corruption, and a web of political conspiracy. It is a true-life economic-political thriller. Who are the new Russian financial magnates who are grabbing former state property? What were the terms for disposing of the state's immense wealth to private investors? What was the role of American financiers? These questions, and more, are answered here. In addition to what he saw with his own eyes (in the crucial period between 1992 and 1997), Kokh also paints vivid pictures of the influential decision-makers that he worked closely with, including Anatoly Chubais, the little known Kremlin kingpin who ran Boris Yeltsin's re-election campaign and served as both Deputy Prime Minister and Finance Minister. Kokh uses his expert knowledge of the Russian government to bring readers into the momentous meetings that changed the world, including his cogent analysis of events occurring in Russia at the present time.
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 Rule Of Law And Economic Reform In Russia written by Jeffery Sachs and published by Routledge. This book was released on 2019-05-20 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: What impact has Russia's chosen path of reform had on the development of law after the collapse of the communist regime? This collection of essays examines how Russia's distinctive traditions of law-and lawlessness-are shaping the current struggle for economic reform in the country. Nine renowned scholars, chosen from specialties in history, politi
Download or read book Russia s Unfinished Revolution written by Michael McFaul and published by Cornell University Press. This book was released on 2015-05-15 with total page 797 pages. Available in PDF, EPUB and Kindle. Book excerpt: For centuries, dictators ruled Russia. Tsars and Communist Party chiefs were in charge for so long some analysts claimed Russians had a cultural predisposition for authoritarian leaders. Yet, as a result of reforms initiated by Mikhail Gorbachev, new political institutions have emerged that now require election of political leaders and rule by constitutional procedures. Michael McFaul traces Russia's tumultuous political history from Gorbachev's rise to power in 1985 through the 1999 resignation of Boris Yeltsin in favor of Vladimir Putin. McFaul divides his account of the post-Soviet country into three periods: the Gorbachev era (1985-1991), the First Russian Republic (1991-1993), and the Second Russian Republic (1993-present). The first two were, he believes, failures—failed institutional emergence or failed transitions to democracy. By contrast, new democratic institutions did emerge in the third era, though not the institutions of a liberal democracy. McFaul contends that any explanation for Russia's successes in shifting to democracy must also account for its failures. The Russian/Soviet case, he says, reveals the importance of forging social pacts; the efforts of Russian elites to form alliances failed, leading to two violent confrontations and a protracted transition from communism to democracy. McFaul spent a great deal of time in Moscow in the 1990s and witnessed firsthand many of the events he describes. This experience, combined with frequent visits since and unparalleled access to senior Russian policymakers and politicians, has resulted in an astonishingly well-informed account. Russia's Unfinished Revolution is a comprehensive history of Russia during this crucial period.
Download or read book After the Cold War written by Michael P. Claudon and published by . This book was released on 1993 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: In December 1988, President Gorbachev announced at the United Nations that the Soviet Union would unilaterally cut 500,000 troops from its military forces and begin conversion of its military-industrial complex, which dominates its economy. Since that formal declaration four years ago, the breakup of the East Bloc and the Soviet Union has dramatically changed and improved East-West relations. But the initial optimism at the "end" of the Cold War has now been replaced with the realization that building new economic, political, and military relationships will test the good will, patience, and creativity of both sides. Nowhere are the issues thornier and the potential rewards greater than in defense conversion in Russia. The pervasiveness of their military-industrial complex dwarfs that of the United States: one of five workers is employed by the defense industry; defense enterprises are the sole employers in half their communities; many consumer goods are produced only by defense industries; 80 percent of all research and development was devoted to defense; arms sales in the 1980s mainly to Third World countries were Russia's largest source of hard currency. In short, defense budgets have bankrupted Russia and distorted investment and production for decades. Russia's fledgling free-market economic reforms cannot succeed without the conversion and privatization of much of this military-industrial complex. But to date, there has been little progress, and Russia's conversion programs are long on intent and short on specifics. After the Cold War - Russian-American Defense Conversion for Economic Renewal contains papers presented at the Geonomics Institute fall 1992 seminar on defense conversion and examines some of the questions and policy choices that both countries face in defense conversion and economic restructuring. Where, for example, will a destitute Russian government find the billions of dollars that conversion will require? A smaller, stable military-industrial complex and a vibrant market economy that provides new jobs producing consumer goods is clearly in the interest of the West. How, for example, can Western public and private institutions best assist Russia in creating a legal and business infrastructure conducive to the development of a market economy and foreign investment? In adopting the Bread Loaf Charter, seminar participants proposed a series of recommendations to promote U.S.-Russian cooperation and to accelerate conversion. After the Cold War makes clear that defense conversion in Russia will require strong domestic leadership but also cooperation, technical help, and especially leadership from the United States.
Download or read book Post Soviet Power written by Susanne A. Wengle and published by Cambridge University Press. This book was released on 2015-02-05 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: Post-Soviet Power tells the story of the Russian electricity system and examines the politics of its transformation from a ministry to a market. Susanne A. Wengle shifts our focus away from what has been at the center of post-Soviet political economy - corruption and the lack of structural reforms - to draw attention to political struggles to establish a state with the ability to govern the economy. She highlights the importance of hands-on economic planning by authorities - post-Soviet developmentalism - and details the market mechanisms that have been created. This book argues that these observations urge us to think of economies and political authority as mutually constitutive, in Russia and beyond. Whereas political science often thinks of market arrangements resulting from political institutions, Russia's marketization demonstrates that political status is also produced by the market arrangements that actors create. Taking this reflexivity seriously suggests a view of economies and markets as constructed and contingent entities.
Download or read book Corporate Governance in Central Europe and Russia written by Andrzej Rapaczynski and published by Central European University Press. This book was released on 1996-01-01 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The studies in this two-volume work shed new light on the range and viability of the emerging corporate governance institutions in the transitional economies of Central Europe. Regional specialists and experts on corporate governance in advanced economies examine the emerging forms of ownership and complementary monitoring institutions in leading transition companies.
Download or read book The Sources Of Russian Foreign Policy After The Cold War written by Celeste A Wallander and published by Routledge. This book was released on 2019-07-11 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this timely and pathbreaking volume, scholars in comparative politics and international relations build upon earlier theoretical work on the interaction of domestic and international systems, applying it innovatively to the study of post-Soviet Russian policy and conduct. Individual chapters focus on regime type, leadership politics, interest group politics, nationalism as ideology, international conflict and threat, and international economic opportunities and constraints. The complex interplay between domestic and international factors is highlighted. Exploring both the origins and the outcomes of Russian policy and behavior, this book provides a telling measure of the direction and significance of political change since 1991.
