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 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 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 Without a Map written by Andrei Shleifer and published by MIT Press. This book was released on 2001-08-24 with total page 244 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 Privatization and Entrepreneurship written by Erdener Kaynak and published by Routledge. This book was released on 2018-12-07 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: Privatization and Entrepreneurship: The Managerial Challenge in Central and Eastern Europe analyzes the challenges faced by managers in the transforming economies of Central and Eastern Europe and provides penetrating insights into the details of managing in the former socialist countries. This collection’s combination of conceptual/theoretical material with empirical, firsthand case analysis prepares Western managers for a more profitable and less stressful entry into these significant markets. This enlightening book highlights the complexity and breadth of the issues and problems of successfully entering new markets in Central and Eastern Europe. Along the way, you are introduced to such topics as consumer behavior and shown the different forms of foreign direct investment with their associated problems and benefits. If you are searching for ways to better prepare for business in these markets, this book can help you meet your objectives with its helpful information on: ethical concerns and linguistic difficulties of managing in transforming economies management challenges of privatization management challenges of entrepreneurship strategic issues associated with the reorientation of enterprises corporate constituencies, changing consumers, labor unions, and pay practices Privatization and Entrepreneurship will prove valuable to policymakers in economic development and foreign aid agencies, executives of companies planning to expand into Europe and those already active in the region, and academicians and students in management, economics, and political science.
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 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 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.
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 2013-06-04 with total page 1024 pages. Available in PDF, EPUB and Kindle. Book excerpt: By 1999, Russia's economy was growing at almost 7% per year, and by 2008 reached 11th place in the world GDP rankings. Russia is now the world's second largest producer and exporter of oil, the largest producer and exporter of natural gas, and as a result has the third largest stock of foreign exchange reserves in the world, behind only China and Japan. But while this impressive economic growth has raised the average standard of living and put a number of wealthy Russians on the Forbes billionaires list, it has failed to solve the country's deep economic and social problems inherited from the Soviet times. Russia continues to suffer from a distorted economic structure, with its low labor productivity, heavy reliance on natural resource extraction, low life expectancy, high income inequality, and weak institutions. While a voluminous amount of literature has studied various individual aspects of the Russian economy, in the West there has been no comprehensive and systematic analysis of the socialist legacies, the current state, and future prospects of the Russian economy gathered in one book. The Oxford Handbook of the Russian Economy fills this gap by offering a broad range of topics written by the best Western and Russian scholars of the Russian economy. While the book's focus is the current state of the Russian economy, the first part of the book also addresses the legacy of the Soviet command economy and offers an analysis of institutional aspects of Russia's economic development over the last decade. The second part covers the most important sectors of the economy. The third part examines the economic challenges created by the gigantic magnitude of regional, geographic, ethnic, religious and linguistic diversity of Russia. The fourth part covers various social issues, including health, education, and demographic challenges. It will also examine broad policy challenges, including the tax system, rule of law, as well as corruption and the underground economy. Michael Alexeev and Shlomo Weber provide for the first time in one volume a complete, well-rounded, and essential look at the complex, emerging Russian economy.
Download or read book Restructuring Networks in Post socialism written by Gernot Grabher and published by Clarendon Press. This book was released on 1997 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is about change in Central and Eastern Europe, and about how we think about social and economic change more generally. In contrast to the dominant 'transition framework' that examines organizational forms in Eastern Europe according to the degree to which they conform to, or depart from, the blueprints of already existing capitalist systems, this book examines the innovative character, born of necessity, in which actors in the post-socialist setting are restructuring organizations and institutions by redefining and recombining resources. Instead of thinking of these recombinations as accidental aberrations, the book explores their evolutionary potentials. The starting premise of Restructuring Networks in Post-Socialist Societies is that the actual unit of entrepreneurship is not the isolated individual personality but the social network that links firms and the actors within them. Drawing insight from evolutionary economics and from the new methods of network analysis, leading sociologists, economists, and political scientists report on changes in organizational forms in Hungary, Poland, Eastern Germany, Russia, and the Czech Republic.
Download or read book Reluctant Capitalists written by Linda M. Randall and published by Routledge. This book was released on 2001-08-06 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reluctant Capitalists examines Russia's plodding, sometimes painful, journey toward a free-market. Through case studies, interviews and first-hand observation, Randall tells us of Russia's economic troubles and offers suggestions for making market reform work.
Download or read book The Vicious Circles of Control written by Raj M. Desai and published by World Bank Publications. This book was released on 2000 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In Russia and other transition economies that have implemented voucher privatization programs, how can one account for the puzzling behavior of insider-managers who, in stripping assets from the very firms they own, appear to be stealing from one pocket to fill the other?"--Cover.
Download or read book Legacies of Change written by John Lorne Campbell and published by Transaction Publishers. This book was released on with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays in this volume examine institutional change in five of the most important areas of economic life in central and eastern Europe after 1989: international and regional economic reintegration; the restructuring of the industrial base; how economic interests are to be represented; fiscal and budgetary reform; and reform of the social welfare system. The editors use these research findings to buttress a somewhat heterodox theory of institutional dynamics, one pointing to "discursive structures" and "governance structures" as key dimensions that, in combination, affect institutional change in this part of the world so that an economic "revolution" becomes an evolutionary processes of gradual transition.
Download or read book Kremlin Capitalism written by Joseph R. Blasi and published by Cornell University Press. This book was released on 2018-10-18 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first book to describe Russia's massive economic transformation for an American audience, Kremlin Capitalism provides a wealth of data and analyses not previously available in this country. The authors articulate the political and economic goals of Russian privatization, examine the current ownership of the largest enterprises in Russia, and chart the serious problem of corporate governance in the new private businesses. Kremlin Capitalism is based on the only continuous study of Russian privatization throughout the Russian Federation from 1992 to the present. The authors tracked down the story of the transition in the cities, towns, and villages of fifty of Russia's eighty-nine provinces, updating their findings after the June 1996 election. The result is an up-to-the-minute report of the largest property transfer in history and an analysis of one of this century's most significant economic transformations. The volume also characterizes the position of workers in terms of unemployment, wages, union power, and their changing role as employee shareholders.What really happened when Russia privatized its economy? The Kremlin brokered the initial struggle among different interest groups eager to claim a portion of Russian property: workers, managers, the Mafia, the old Soviet bureaucracy, regular citizens, entrepreneurs, Russian banks, and foreigners. While competing with one another, all struggled to free themselves from seventy years of Communist economic culture. Four years after the process began, have large companies learned to offer goods and services profitably and pay dividends to shareholders? Individual stories come alive as the book explores problems Russians face in structuring a new economic system, defining the ownership and governance of thousands of corporations one by one. Russian economic practices are being forged in the heat of fierce political struggles between resurgent Communists and nationalists and old Soviet managers, on the one hand, and more liberal elements of its infant democratic system on the other. Whether a few big conglomerates and the powerful banks and holding companies from Soviet days will dominate the new Russian economy to the exclusion of most citizens remains to be seen.Many questions persist. How will billions of dollars of capital be raised to retool, restructure, and reorient the heart and soul of Russia's economy? Will open stock markets stimulate a new economic order or will that new order be imposed through strong state supports and subsidies? What role will be played by shadowy conglomerates that are trying to shape a disorganized economy into something resembling the old Soviet system? The authors note the paradox of a capitalism conceived, designed, implemented, and evaluated by the Kremlin when one aim of reform is to allow market forces to play freely. Kremlin Capitalism asks whether rapid privatization has catalyzed or complicated the transition to a more liberal political and economic system, a question that will reverberate for decades.
Download or read book Owning Russia written by Andrew S. Barnes and published by Cornell University Press. This book was released on 2018-07-05 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: During and after the breakdown of the Soviet Union, a wide range of competitors fought to build new political and economic empires by wresting control over resources from the state and from each other. In the only book to examine the evolution of Russian property ownership in both industry and agriculture, Andrew Barnes uses interviews, archival research, and firsthand observation to document how a new generation of capitalists gained control over key pieces of the Russian economy by acquiring debt-ridden factories and farms once owned by the state. He argues that although the Russian government made policies that affected how actors battled one another, it could never rein in the most destructive aspects of the struggle for property. Barnes shows that dividing the spoils of the Soviet economy involved far more than the experiment with voucher privatization or the scandalous behavior of a few Moscow-based "oligarchs." In Russia, the control of property yielded benefits beyond mere profits, and these high stakes fueled an intense, enduring, and profound conflict over real assets. This fierce competition empowered the Russian executive branch at the expense of the legislature, dramatically strengthened managers in relation to workers, created a broad array of business conglomerates, and fundamentally shaped regional politics, not only blurring the line between government and business but often erasing it.
Download or read book The Economics of Transition written by Egor Timurovich Gaĭdar and published by MIT Press. This book was released on 2003 with total page 1066 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of essays discuss the economic policy problems that confront postcommunist countries. Most chapters focus on liberalization of the exchange rate and trade system, macroeconomic stabilization, and institutional reform.
