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State and Denationalization: Risks and Constraints of a “New Privatization Policy”

Revold Entov, Alexander Radygin and Yuri Simachev
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Yuri Simachev: Gaidar Institute for Economic Policy

Working Papers from Gaidar Institute for Economic Policy

Abstract: It will be some time before we can fully appreciate the radical nature of the socio-economic effects produced by the global crisis of the end of the first decade of the twenty first century. However, it is already evident that the two leading market economic systems of the Western world – that of the USA, based on an ideology of free market competition, and the socially oriented system of Europe, were unable adequately to respond to the initial phase of the crisis. Moreover, the only measures that proved capable of preventing financial and economic collapse were those taken by states that possessed powerful levers for acting upon the economy as the crisis unfolded. Russia was one of these states, though circumstances in Russia were not typical.

Keywords: privatization; Russian economy; public sector; de-statification (search for similar items in EconPapers)
JEL-codes: H82 K11 K22 L32 L33 P31 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2012, Revised 2012
New Economics Papers: this item is included in nep-cis, nep-hme and nep-tra
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https://www.iep.ru/files/RePEc/gai/wpaper/0039Radygin.pdf Revised version, 2012 (application/pdf)

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