The Anatomy of Russian Capitalism

Stanislav Menshikov

Challenge, 2005, vol. 48, issue 2, pages 67-89

Abstract: This long-time Russian economist believes the economy is embedded in oligarchic, oligopolistic rigidities that the Putin government is not about to undermine. This is true despite its efforts to control the Yukos oil empire. Moreover, the government does not even consider alternative fiscal or monetary policies, much less industrial policies. One result is that wages comprise an unusually low share of gross domestic product.

Date: 2005

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