Introduction

Andrey Vavilov

A chapter in The Russian Public Debt and Financial Meltdowns, 2010, pp 1-10 from Palgrave Macmillan

Abstract: Abstract Great social revolutions are inspired by big ideas, implemented by enthusiasts of these ideas, fostered by big finance, and may be spontaneously affected by unforeseen eventualities. To some extent this is true with regard to the Russian capitalist revolution that began in 1991 and continued throughout the final decade of the twentieth century. It was a materialization of the basic idea to transform radically the decaying communist system into a modern market economy that would be able to survive and develop in the post-industrial world. The idea was not new at that time because the unprecedented economic transformations had already been occurring in Eastern European and some developing countries and had proved to be pretty successful in many cases.

Keywords: Public Debt; Market Reform; External Debt; Russian Government; Debt Problem (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28208-7_1

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DOI: 10.1057/9780230282087_1

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