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Author: James D. Gaisford
Publisher: Nova Science Publishers
ISBN:
Category : Business & Economics
Languages : en
Pages : 276
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Book Description
This book provides a guide to the progress made thus far in the transformation of Russian industry from exclusive reliance on state enterprises during the communist era to modern-oriented private sector firms. Further, it outlines the remaining constraints to the full transition of Russia into a modern market economy and how to remove those constraints in the future. The book combines theoretical discussions and real world experiences relating to post-communist Russian industrial development. Case studies of centrally important Russian industries wound out the book's approach. The book is the result of a long-term collaboration between Russian authors and authors based in modern market economies. Hence, it draws upon the expertise of those who have directly experienced Russian industry in transition as well as those who can put that experience within the larger context of the process of transition in a range of former communist countries.
Author: James D. Gaisford
Publisher: Nova Science Publishers
ISBN:
Category : Business & Economics
Languages : en
Pages : 276
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Book Description
This book provides a guide to the progress made thus far in the transformation of Russian industry from exclusive reliance on state enterprises during the communist era to modern-oriented private sector firms. Further, it outlines the remaining constraints to the full transition of Russia into a modern market economy and how to remove those constraints in the future. The book combines theoretical discussions and real world experiences relating to post-communist Russian industrial development. Case studies of centrally important Russian industries wound out the book's approach. The book is the result of a long-term collaboration between Russian authors and authors based in modern market economies. Hence, it draws upon the expertise of those who have directly experienced Russian industry in transition as well as those who can put that experience within the larger context of the process of transition in a range of former communist countries.
Author: Лев Семенович Черной
Publisher:
ISBN:
Category : Business and politics
Languages : en
Pages : 240
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Book Description
Author: Evgenij G. Jasin
Publisher:
ISBN:
Category :
Languages : en
Pages : 85
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Book Description
Author: Nikolaĭ Petrovich Shmelev
Publisher: Doubleday Books
ISBN:
Category : Business & Economics
Languages : en
Pages : 360
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Book Description
Two leading Soviet economists explain the Soviet economic crises from the perspective of thorughly informed insiders and the obstacles as well as the potential to perestroika.
Author: Rudiger Ahrend
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Coverage of Russia in western newspapers leaves an overriding impression that the place is corrupt and doomed. Economists and pundits have focused on corruption, and the lack of the rule of law as the main causes of last year's crash. These structural problems definitely exist and they are indeed serious. But they also existed and were serious when the stock market was booming in 1996-1997 on the perceived success of Russian reforms. In fact, focus on these two problems neither explains the crash nor the real news of recent months - that production in Russia is steadily growing for the first time in a decade. The reason for this turnaround is the collapse of the rouble, which freed industry from the uncompetitiveness of the former exchange rate. The August 17 debacle is turning out to be salvation of Russian industry. The depression of Russia's heartland in 1995-1998 was largely caused by the very success of stabilisation. To bring down rampant inflation the exchange rate was pegged. As a result inflation was swiftly reduced in 1996 and consumption and financial booms in 1997 triggered a small growth blip, but industry sank further into its depressive mire. While stock markets went from high to high the real economy was suffering from Russia's version of the Dutch Disease. The commodity-based export sector prospered, largely freed from the subsidisation role of Soviet times, but Russian manufacturing went from bad to worse. Companies made more losses and in order to survive they failed to pay tax, wage and supplier bills, and turned to barter. While corruption, tax avoidance and plain stealing by management were - and are - pervasive, they alone do not suffice to explain the growth of these virtual phenomena during the stabilisation period. Post-crash, things are different. Federal tax revenues are up which has allowed the government to start paying off some of its outstanding arrears. In the private sector profits, cash-flow, and order book levels are up, while barter and wage arrears are down. With a competitive exchange rate the Russian economy is reviving for the first time in decades. Russia's transformation into a market economy, however flawed, is bearing some fruit. Provided there is no fast real appreciation and no major political upheaval, there is nothing to suggest that the Russian economy will not keep on growing. But although denouncing corruption might help to foster positive change, blaming it for the crash (and for the West's loss of Russia) provides precious little insight. Straight exchange rate economics goes much further in explaining why Russia continued to decline after stabilising in 1995, and why it is growing now.
Author: Stephen Crowley
Publisher: Cornell University Press
ISBN: 150175629X
Category : Law
Languages : en
Pages : 412
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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: Richard Connolly
Publisher: Cambridge University Press
ISBN: 1108415024
Category : Business & Economics
Languages : en
Pages : 245
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Book Description
The first in-depth scholarly analysis of the effects of Western sanctions, and Russia's response on the Russian economy.
Author: Fiona Hill
Publisher: Brookings Institution Press
ISBN: 0815796188
Category : History
Languages : en
Pages : 328
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Book Description
Can Russia ever become a normal, free-market, democratic society? Why have so many reforms failed since the Soviet Union's collapse? In this highly-original work, Fiona Hill and Clifford Gaddy argue that Russia's geography, history, and monumental mistakes perpetrated by Soviet planners have locked it into a dead-end path to economic ruin. Shattering a number of myths that have long persisted in the West and in Russia, The Siberian Curse explains why Russia's greatest assets––its gigantic size and Siberia's natural resources––are now the source of one its greatest weaknesses. For seventy years, driven by ideological zeal and the imperative to colonize and industrialize its vast frontiers, communist planners forced people to live in Siberia. They did this in true totalitarian fashion by using the GULAG prison system and slave labor to build huge factories and million-person cities to support them. Today, tens of millions of people and thousands of large-scale industrial enterprises languish in the cold and distant places communist planners put them––not where market forces or free choice would have placed them. Russian leaders still believe that an industrialized Siberia is the key to Russia's prosperity. As a result, the country is burdened by the ever-increasing costs of subsidizing economic activity in some of the most forbidding places on the planet. Russia pays a steep price for continuing this folly––it wastes the very resources it needs to recover from the ravages of communism. Hill and Gaddy contend that Russia's future prosperity requires that it finally throw off the shackles of its Soviet past, by shrinking Siberia's cities. Only by facilitating the relocation of population to western Russia, closer to Europe and its markets, can Russia achieve sustainable economic growth. Unfortunately for Russia, there is no historical precedent for shrinking cities on the scale that will be required. Downsizing Siberia will be a costly and wrenching proce
Author: Juliet Johnson
Publisher: Cornell University Press
ISBN: 9780801437441
Category : Business & Economics
Languages : en
Pages : 284
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Book Description
Johnson argues that these legacies, along with misguided, Western-inspired liberalization policies, led to the creation of parasitic banks for which success depended on political connections rather than on investment strategies.".
Author: Chris Miller
Publisher: UNC Press Books
ISBN: 1469630184
Category : History
Languages : en
Pages : 262
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Book Description
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.
