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Author: Clifford Gaddy
Publisher: Routledge
ISBN: 1134106823
Category : Business & Economics
Languages : en
Pages : 142
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Book Description
Bear Traps examines Russia’s longer term economic growth prospects. It argues that Russia’s growth challenges are conventionally misdiagnosed and examines the reasons why: a spatial misallocation that imposes excess costs on production and investment; distortions to human capital; an excessively high relative price of investment that serves as a tax on physical capital accumulation; and an economic mechanism that inhibits adjustments that would correct the misallocation. Bear Traps explains why Soviet legacies still constrain economic growth and outlines a feasible policy path that could remove these obstacles. The most popular proposals for Russian economic reform today — diversification, innovation, modernization — are misguided. They are based on a faulty diagnosis of the country’s ills, because they ignore a simple reality: Russia’s capital, both physical and human, is systematically overvalued, owing to a failure to account for the handicap imposed by geography and location. Part of the handicap is an unavoidable consequence of Russia’s size and cold climate. But another part is self-inflicted. Soviet policies placed far too much economic activity in cold, remote locations. Specific institutions in today’s Russia, notably its federalist structure, help preserve the Soviet spatial legacy. As a result, capital remains handicapped. Investments made to compensate for the handicaps of cold and distance should properly be treated as costs. Instead, they are considered net additions to capital. When returns to what appear to be large quantities of physical and human capital fail to satisfy expectations, the blame naturally goes to poor institutions, corruption, backward technology, and so on. Policy proceeds along the wrong path, with costly programs that can end up doing more damage than good. The authors insist that the goal should be to seek to remove the handicaps rather than to spend to compensate for them. They discuss how Russia could develop a modernization program that would let the nation finally focus on its economic advantages, not its handicaps.
Author: Clifford Gaddy
Publisher: Routledge
ISBN: 1134106823
Category : Business & Economics
Languages : en
Pages : 142
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Book Description
Bear Traps examines Russia’s longer term economic growth prospects. It argues that Russia’s growth challenges are conventionally misdiagnosed and examines the reasons why: a spatial misallocation that imposes excess costs on production and investment; distortions to human capital; an excessively high relative price of investment that serves as a tax on physical capital accumulation; and an economic mechanism that inhibits adjustments that would correct the misallocation. Bear Traps explains why Soviet legacies still constrain economic growth and outlines a feasible policy path that could remove these obstacles. The most popular proposals for Russian economic reform today — diversification, innovation, modernization — are misguided. They are based on a faulty diagnosis of the country’s ills, because they ignore a simple reality: Russia’s capital, both physical and human, is systematically overvalued, owing to a failure to account for the handicap imposed by geography and location. Part of the handicap is an unavoidable consequence of Russia’s size and cold climate. But another part is self-inflicted. Soviet policies placed far too much economic activity in cold, remote locations. Specific institutions in today’s Russia, notably its federalist structure, help preserve the Soviet spatial legacy. As a result, capital remains handicapped. Investments made to compensate for the handicaps of cold and distance should properly be treated as costs. Instead, they are considered net additions to capital. When returns to what appear to be large quantities of physical and human capital fail to satisfy expectations, the blame naturally goes to poor institutions, corruption, backward technology, and so on. Policy proceeds along the wrong path, with costly programs that can end up doing more damage than good. The authors insist that the goal should be to seek to remove the handicaps rather than to spend to compensate for them. They discuss how Russia could develop a modernization program that would let the nation finally focus on its economic advantages, not its handicaps.
Author: Clifford G. Gaddy
Publisher: Routledge
ISBN: 1134106890
Category : Business & Economics
Languages : en
Pages : 142
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Book Description
Bear Traps examines Russia’s longer term economic growth prospects. It argues that Russia’s growth challenges are conventionally misdiagnosed and examines the reasons why: a spatial misallocation that imposes excess costs on production and investment; distortions to human capital; an excessively high relative price of investment that serves as a tax on physical capital accumulation; and an economic mechanism that inhibits adjustments that would correct the misallocation. Bear Traps explains why Soviet legacies still constrain economic growth and outlines a feasible policy path that could remove these obstacles. The most popular proposals for Russian economic reform today — diversification, innovation, modernization — are misguided. They are based on a faulty diagnosis of the country’s ills, because they ignore a simple reality: Russia’s capital, both physical and human, is systematically overvalued, owing to a failure to account for the handicap imposed by geography and location. Part of the handicap is an unavoidable consequence of Russia’s size and cold climate. But another part is self-inflicted. Soviet policies placed far too much economic activity in cold, remote locations. Specific institutions in today’s Russia, notably its federalist structure, help preserve the Soviet spatial legacy. As a result, capital remains handicapped. Investments made to compensate for the handicaps of cold and distance should properly be treated as costs. Instead, they are considered net additions to capital. When returns to what appear to be large quantities of physical and human capital fail to satisfy expectations, the blame naturally goes to poor institutions, corruption, backward technology, and so on. Policy proceeds along the wrong path, with costly programs that can end up doing more damage than good. The authors insist that the goal should be to seek to remove the handicaps rather than to spend to compensate for them. They discuss how Russia could develop a modernization program that would let the nation finally focus on its economic advantages, not its handicaps.
Author: Vladimir Gel'man
Publisher: Taylor & Francis
ISBN: 131717707X
Category : Political Science
Languages : en
Pages : 227
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Book Description
Post-Communist Russia is an instance of the phenomenon of authoritarian modernization project, which is perceived as a set of policies intended to achieve a high level of economic development, while political freedoms remain beyond the current modernization agenda or are postponed to a distant future. Why did Russia (unlike many countries of post-Communist Europe) pursue authoritarian modernization after the Soviet collapse? What is the ideational agenda behind this project and why does it dominate Russia’s post-Communist political landscape? What are the mechanisms of political governance, which maintain this project and how have they adopted and absorbed various democratic institutions and practices? Why has this project brought such diverse results in various policy arenas, and why have the consequences of certain policies become so controversial? Why, despite so many controversies, shortcomings and flaws, has this project remained attractive in the eyes of a large proportion of the Russian elite and ordinary citizens? This volume intended to place some of these questions on the research agenda and propose several answers, encouraging further discussions about the logic and mechanisms of the authoritarian modernization project in post-Communist Russia and its effects on Russia’s politics, economy, and society.
Author: Stephen Crowley
Publisher: Cornell University Press
ISBN: 1501756303
Category : Law
Languages : en
Pages : 307
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Book Description
In Putin's Labor Dilemma, Stephen Crowley investigates how the fear of labor protest has inhibited substantial economic transformation in Russia. Putin boasts he has the backing of workers in the country's industrial heartland, but as economic growth slows in Russia, reviving the economy will require restructuring the country's industrial landscape. At the same time, doing so threatens to generate protest and instability from a key regime constituency. However, continuing to prop up Russia's Soviet-era workplaces, writes Crowley, could lead to declining wages and economic stagnation, threatening protest and instability. Crowley explores the dynamics of a Russian labor market that generally avoids mass unemployment, the potentially explosive role of Russia's monotowns, conflicts generated by massive downsizing in "Russia's Detroit" (Tol'yatti), and the rapid politicization of the truck drivers movement. Labor protests currently show little sign of threatening Putin's hold on power, but the manner in which they are being conducted point to substantial chronic problems that will be difficult to resolve. Putin's Labor Dilemma demonstrates that the Russian economy must either find new sources of economic growth or face stagnation. Either scenario—market reforms or economic stagnation—raises the possibility, even probability, of destabilizing social unrest.
Author: Imogen Sophie Kristin Wade
Publisher: Taylor & Francis
ISBN: 1000624579
Category : Social Science
Languages : en
Pages : 246
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Book Description
This book examines how technological modernisation and innovation policies have been implemented in Russia from the Soviet era to the present day. It discusses how since about 2000 the Russian state has attempted to address the country’s excessive dependence on natural resources by implementing an ambitious programme of economic modernisation, including giving innovation more policy prominence, boosting state funding for research and development and innovation, and emphasising science towns and technology parks as key instruments for stimulating innovation. Based on extensive original research, taking a multidisciplinary approach, and including detailed case studies, the book explains why, despite these efforts, Russia is performing comparatively poorly in innovation outcomes. It argues that a key factor is the country’s political economy model in which science, technology, and innovation policies are mainly controlled and funded by the federal centre of power and led by domestic political and economic elites.
Author: Vladimir Gel'man
Publisher: University of Michigan Press
ISBN: 0472902989
Category : Political Science
Languages : en
Pages : 232
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Book Description
In this book, Vladimir Gel’man considers bad governance as a distinctive politico-economic order that is based on a set of formal and informal rules, norms, and practices quite different from those of good governance. Some countries are governed badly intentionally because the political leaders of these countries establish and maintain rules, norms, and practices that serve their own self-interests. Gel’man considers bad governance as a primarily agency-driven rather than structure-induced phenomenon. He addresses the issue of causes and mechanisms of bad governance in Russia and beyond from a different scholarly optics, which is based on a more general rationale of state-building, political regime dynamics, and policy-making. He argues that although these days, bad governance is almost universally perceived as an anomaly, at least in developed countries, in fact human history is largely a history of ineffective and corrupt governments, while the rule of law and decent state regulatory quality are relatively recent matters of modern history, when they emerged as side effects of state-building. Indeed, the picture is quite the opposite: bad governance is the norm, while good governance is an exception. The problem is that most rulers, especially if their time horizons are short and the external constraints on their behavior are not especially binding, tend to govern their domains in a predatory way because of the prevalence of short-term over long-term incentives. Contemporary Russia may be considered as a prime example of this phenomenon. Using an analysis of case studies of political and policy changes in Russia after the Soviet collapse, Gel’man discusses the logic of building and maintaining the politico-economic order of bad governance in Russia and paths of its possible transformation in a theoretical and comparative perspective.
Author: Markku Kivinen
Publisher: Routledge
ISBN: 1000226808
Category : Political Science
Languages : en
Pages : 395
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Book Description
Building on an original interpretation of social theory and an interdisciplinary approach, this book creates a new paradigm in the Russian studies. Taking a fresh view of Russia’s multiple experiences of modernization, it seeks to explain the Putin era in a completely new way. This book explores the paradoxical and contradictory aspects of Russia, analyzing the energy-dependent economy and hybrid political regime, but also religion, welfare, and culture, and their often complex interrelations. Written by a community of both Western and Russian scholars, this book re-affirms the value of social science when confronting a society that has undergone enormous and costly systematic changes. The Russian elites see modernization narrowly as economic and technological competitiveness. The contributors to this volume see contemporary Russia facing a series of antinomies, which are macro-level dilemmas that cannot be abolished, either by philosophical mediation or by immediate political decisions. As such, they are the tension fields that constitute choices for various competing agencies. This book will be of interest to scholars and students of Russian studies, transition studies, sociology, social policy, political science, energy policy, cultural studies, and stratification studies. Professionals involved in energy, ecology, and security policy will also find this publication a rich source.
Author: Tom Casier
Publisher: Routledge
ISBN: 1315444542
Category : Political Science
Languages : en
Pages : 254
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Book Description
Relations between the EU and Russia have been traditionally and predominantly studied from a one-sided power perspective, in which interests and capabilities are taken for granted. This book presents a new approach to EU-Russia relations by focusing on the role of images and perceptions, which can be major obstacles to the enhancement of relations between both actors. By looking at how these images feature on both sides (EU and Russia), on different levels (bilateral, regional, multilateral) and in different policy fields (energy, minorities, regional integration, multilateral institutions), the book seeks to reintroduce a degree of sophistication into EU-Russia studies and provide a more complete overview of different dimensions of EU-Russia relations than any book has done to date. Taking social constructivist and transnational approaches, interests and power are not seen as objectively given, but as socially mediated and imbued by identities. This text will be of key interest to scholars, students and practitioners of European Foreign Policy, Eastern Partnership, Russian Foreign Policy and more broadly to European and EU Politics/Studies, Russian studies, and International Relations.
Author: Susanne Oxenstierna
Publisher: Routledge
ISBN: 1317634217
Category : Political Science
Languages : en
Pages : 267
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Book Description
During the early 2000s the market liberalization reforms to the Russian economy, begun in the 1990s, were consolidated. But since the mid 2000s economic policy has moved into a new phase, characterized by more state intervention with less efficiency and more structural problems. Corruption, weak competitiveness, heavy dependency on energy exports, an unbalanced labour market, and unequal regional development are trends that have arisen and which, this book argues, will worsen unless the government changes direction. The book provides an in-depth analysis of the current Russian economic system, highlighting especially structural and institutional defects, and areas where political considerations are causing distortions, and puts forward proposals on how the present situation could be remedied.
Author: Andrew Monaghan
Publisher: Manchester University Press
ISBN: 1526126427
Category : Political Science
Languages : en
Pages : 112
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Book Description
The book explores the Russian leadership’s strategic agenda and illuminates the range of problems it faces in implementing it. Given these difficulties and the Russian leadership’s concerns about an unstable and increasingly competitive world, the Russian official and expert community often use the term 'mobilisation' to describe the measures that Moscow is increasingly resorting to in order to implement its agenda. The book explores what this means, and concludes that many of the terms used in the Western debate about Russia both misdiagnose the nature of the challenge and misrepresent the situation in Russia. At a time when many of the books about Russia are focused specifically on the war in Ukraine and the deterioration in relations between the Euro-Atlantic community and Russia, or are biographies of Vladimir Putin, it offers a new and unique lens through which to understand how Russia works and how Russian domestic and foreign politics are intimately linked.
