The russian Economy at the Turning Point

N. Akindinova (), Y. Kuzminov () and E. Yasin ()

Voprosy Ekonomiki, 2014, issue 6

Abstract: Over the quarter of the century that has passed since the beginning of the market reforms, Russia managed to gain a more solid stance in the global economy. However, during that time Russia could not completely abandon archaic social forms like those of power-and-submission or “limited access order”, as in D. North’s concept. The article analyzes how these social patterns, replicating themselves, limit the opportunities for the transition to a new stage of economic development - the one that does not predominantly rely on the access to the oil- and-gas or administrative rent, but is based on productivity and efficiency growth.

Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2014:id:650

DOI: 10.32609/0042-8736-2014-6-4-17

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